XRP investors lose money by buying high and selling low, analyst says

XRP investors are suffering significant losses from emotional trading patterns, buying in euphoria during price rallies and selling in fear during downturns, said Nick, founder of the on-chain tracking platform Web3Alert. According to CryptoBasic, he noted that when XRP was trading between $2 and $3.5, retail investors actively bought in, but they shifted to the sidelines after the price plummeted to the $1.2 level. Nick emphasized that this pattern ultimately results in entering at the end of a bull market and selling in a bear market, a response driven by emotion rather than changes in market fundamentals. The media outlet added that Ripple CEO Brad Garlinghouse has also mentioned that a contrarian strategy of finding opportunities when the market is fearful and being cautious when it is greedy can be effective for investing.