Over two days, Bitcoin and Ripple’s XRP rose over 2% in a brief rebound. The move followed the Dow Jones Industrial Average crossing 50,000 on Friday, according to a live market report reported here.
Earlier, Ripple’s XRP had fallen to about $1.1, while Bitcoin slid near $62,800. Both traded well below Bitcoin’s 2021 record near $69,900.
Fears of another pullback persisted, though the brief comeback eased some market unease. Coverage noted a possible stock-market correction could reduce cryptocurrency prices.
The article recommended a cautious approach for spare capital of $1,000, splitting $500 into XRP and Bitcoin now. It advised using the remaining $500 to buy dips, applying dollar-cost averaging.
For trading, the piece said Bitcoin often rebounds after sharp drops while Ripple’s XRP stays more stagnant. For XRP, it recommended swing trading and selling when set targets are reached.
