Nebraskangooner Says XRP Is a Great Example of When Not to Buy: “Quit Knife Catching Early”

XRP’s breakdown below a major support zone has turned increasingly costly for traders attempting to buy each successive dip, with price now near $1.08 after failing to reclaim the former $1.28-$1.31 support region. Trader Nebraskangooner pointed to XRP as an example of why a cheaper price does not necessarily mean an asset has become a better buy after its market structure breaks. “XRP is a great example of when to NOT BUY,” he said , adding that once major support fails, sellers can take control and continue pushing price lower. His message was straightforward: “Quit knife catching early!” CoinMarketCap currently places XRP around $1.08, with the asset trading between approximately $1.08 and $1.16 over the latest 24 hours. XRP spent much of October repeatedly interacting with the $1.28-$1.31 region.

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