Edo Farina says XRP’s latest move below $1 for the first time in roughly two years has weakened a more important technical level: $1.05.
In a video recorded from Cyprus, Farina argued that XRP’s failure to quickly reclaim that area leaves the market exposed to a potential decline toward $0.70–$0.72.
Sponsored
The speaker nevertheless described the drop as a buying opportunity for long-term holders, saying price differences between $0.70, $1 and even higher entry points may matter less over a roughly 24-month horizon.
That is a highly bullish view, particularly given the analyst’s suggestion that XRP could eventually trade above $100 or $1,000.
$1.05, Not $1, Is The Level the Analyst Is Watching
While $1 carries obvious psychological weight, the commentator said $1.05 had been holding XRP’s broader chart structure together. With that support now lost, the next major area of interest is around $0.70 or $0.72.
Edo Farina said he have placed “massive buy orders” below $1, though no order sizes or execution details were disclosed. Rather than attempting to trade short-term swings, the speaker encouraged dollar-cost averaging for investors who bought XRP at $2 or $3 and remain concerned about volatility.
The message was blunt: avoid leverage. The host argued that leveraged traders can become exit liquidity during news-driven moves, especially when a widely anticipated event prompts traders to position in the same direction.
Clarity Act May Not Deliver the XRP Rally Traders Expect
The YouTube video also pushed back on expectations that the proposed Clarity Act would automatically trigger a major XRP rally. The commentator said the legislation is important but unlikely to determine XRP adoption, arguing that market makers could exploit the event and potentially sell into an initial price spike.
“XRP does not need the Clarity Act fundamentally,” the speaker said, citing the XRP Ledger’s permissionless design and asserting that Ripple’s XRP holdings do not give the company control of the network.
Edo Farina noted that network changes require approval from 80% of validators, though the video did not provide supporting documentation for its broader claims about international institutional use.
The host also claimed that Russia’s central bank has tested on the XRP Ledger and pointed to Ukraine’s CBDC work on Stellar as evidence that XRP and XLM are positioned as cross-border liquidity assets.
Dive into DailyCoin’s hottest crypto scoops today:
Solana Bulls Set Eyes On $100 Price Ahead Of CPI Data
Arthur Hayes Says FIMA Yen Fix Could Fuel Bitcoin Rally