Crypto analyst Doctor Profit has revealed a new long position on $XRP after the asset’s recent pullback.
He argues that the token may be setting up for a short-term rebound despite market uncertainty.
Market data shows $XRP currently trading around $1.40, reflecting a slight 2% decline over the past 24 hours. Meanwhile, the coin is still holding roughly 1.95% gains over the past week.
Key Points
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Analyst Doctor Profit has opened a long $XRP position at $1.34, anticipating a short-term relief rally in the market.
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He believes crypto prices may rise briefly before a larger correction, while maintaining both Bitcoin longs and a BTC short.
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The analyst says $XRP is “criminally undervalued,” noting its RSI has dropped to…
