Why is there a dip? Should you panic?

This is a consolidation.
Yes, consolidation is good.

It's when prices stop moving wildly and stay in a small range for a while. This often happens after big price swings and is helpful. Here r some of the reasons why we need a dip:

1. It calms the market and prevents chaos. Thus, increasing stability
2. Buyers and sellers figure out a fair price during this time.
3. It gives the market time to "breathe" and prepare for the next move, making future trends more stable.

What If Prices Only Go Up Without Dips?
1. The price can get unrealistically high, making it likely to crash later.
2. Risky Growth -- The fast rise might not be based on real value but on hype.
3. Without dips or pauses, there's no stable "floor" price, so any crash could be extreme. Without these dips, the market will lack support levels (which are created during consolidation) and this will lead to high volatility risk

1. Identify Support n Resistance levels. Buy low & sell high (or just don't sell and hold long term)

2. Lookout for breakouts (Check for Volume Spikes/Indicators like MACD/Candlestick patterns

3. Be patient. Consolidation is temporary. If the foundation and growth prospect of XRP is good, then it shouldn't worry you.

Happy investing