Analyst Says XRP’s Slump is Just a ‘Coffee Break’ – Here’s Why

Key Points

1. XRP's price dropped by double-digits, briefly falling below $3, but has since recovered to around $3.13.

2. Analyst John Squire views the correction as minor, calling it 'a coffee break,' and predicts short-term and year-end targets of $4.10 and $8-$12, respectively.

3. Whales have purchased over 280 million XRP in the last ten days, indicating potential confidence in the asset.

4. The TD Sequential indicator has signaled a buy for XRP, suggesting possible future price increases.

5. Despite the pullback, some analysts believe the real upward movement for XRP has not yet begun, citing legal clarity and potential ETFs as catalysts.