Right Time to Buy XRP? Finance Expert Says Find Out
XRP has seen significant price swings in recent months. Crypto commentator Austin Hilton shared a video revealing a potential opportunity amid the turmoil. At the time of his video, the token sat at $1.19, down over 3% on the day and sliding from a recent high around $1.33.
The broader crypto market had shed over 5% in 24 hours, with a massive sell-off triggered by the midterm election results.
The total market cap was $2.5 trillion, with Bitcoin at $75,000. The conditions were rough, but Hilton argues that rough conditions can also be the best time to buy.
Timing the Market on XRP
Hilton’s central argument is that most XRP investors fail not because they chose the wrong asset, but because they bought and sold at the wrong times. He went back through recent chart data to identify specific entry and exit points. What he found was notable.
In one instance, XRP rose 44% over 39 days from a specific buy point. In another, it climbed 13% in just 19 days. A third opportunity produced a 12% gain in 12 days. These were not long holding periods. They were short, targeted windows that a well-timed entry and exit could have captured.
The Moving Average Signal
The common thread across each of those opportunities was the moving average. Hilton says buying XRP when it trades below its moving average offers a lower price relative to that trend. With XRP currently falling, investors could seize the opportunity to position themselves before a rebound.
Hilton used chart analysis to show where those moments occurred historically, and noted that at the time of recording, XRP was sitting below its moving average again, with a buy signal active near the $1.24 range. In all prior cases, the initial decline produced a quick rebound.
Where XRP Stands Now
Hilton attributes his timing system to a proprietary trading indicator called X1 Waves, part of his X1 Algo platform. The tool generates green triangle s when conditions suggest a buy, and red triangle s when it suggests a sell.
Hilton’s view is that the current market, despite its volatility, presents identifiable opportunities for XRP traders who have the right tools. He confirmed that a buy for XRP was active at the time of his video.
Whether that signal leads to another double-digit gain depends on how the market moves from here. What Hilton’s analysis does establish is that the entry point carries significant importance for XRP returns.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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