Here’s Why Chances to Buy XRP Below $2 Might Be Gone

Famous XRP commentator Oscar Ramos warns that XRP’s price may never drop below $2, indicating that investors may have permanently missed the chance to acquire the token at that level

“I want to buy XRP at $2 again. I want to buy the dip and buy XRP when it crashes or corrects,” he remarked. However, he does not believe investors would have another opportunity to buy XRP below $2 again, following its recent price surge

Consequently, he said the trend indicates that the “big Altcoin Season” could be around the corner. For context, altcoin season is when the price action of major alternative cryptocurrencies outperforms Bitcoin

During this time, most tokens record new all-time highs (ATHs). Ramos’s belief in an imminent altcoin season also bolsters his confidence that XRP might never drop below $2

XRP is Becoming Too Expensive for Most Retail Investors

Meanwhile, several XRP commentators note that retail investors may have missed their chance to buy at lower prices following its rally, which began after the re-election of Donald Trump

Last month, top XRP pundit Edoardo Farina boldly claimed that 99% of average investors may no longer be able to afford 10,000 XRP, which was valued at $22,300 at the time. He stated that owning a portfolio of 10,000 XRP is a luxury that only a few investors can afford

Additionally, community pundit Xena noted that it is “insane” that the value of 1,000 XRP has skyrocketed above $3,000, a budget that is out of reach for most investors

In the meantime, XRP has lost most of its recent gains, plummeting from the $3.50 mark to $3.07 today. At the current price of $3.07, XRP has crashed 12.35% in the past 24 hours and 2.36% over the past week