Benjamin Cowen highlights a strategic and calculated approach to investing in XRP.

In today’s XRP price news, Benjamin Cowen, who has a Ph.D. in Engineering with a background in Computational Mathematics, highlights XRP’s impressive rise from $0.67 to $2.17, discusses achieving 60% BTC dominance, and shares key lessons on preserving portfolio value and effectively timing altcoins- Investments.

Identifying the XRP setup: On November 12, when XRP was trading at $0.67 and 771 satoshi (its value relative to Bitcoin), he spotted a “double bottom” pattern on the XRP/BTC chart. This pattern often indicates a possible price increase.

Insight into BTC dominance: He started paying attention because Bitcoin dominance had reached 60% – his goal from 3.5 years ago. During this dominant uptrend, altcoins like XRP typically lose value against Bitcoin (“bleed”), so it is wiser to hold Bitcoin.

XRP performance since: After his observation, the price of XRP in USD rose to $2.17 and its value against Bitcoin increased significantly to 2200 satoshis.

Important lesson about timing: While XRP holders who have waited for years saw profits in this recent surge, Cowen argues that it would have been more profitable to hold Bitcoin during its dominance period and then switch to altcoins like XRP when they showed a strong setup against Bitcoin.

Cowen emphasizes that one should not hold altcoins for years and wait for occasional pumps. Instead, one should analyze the BTC pair charts to identify favorable entry points and maximize potential returns.