Expert Edoardo Farina advises XRP investors to focus on the long-term and not stress over short-term price dips, comparing XRP’s future to Bitcoin’s 96,000% rise.
Over the last 24 hours, a major bearish storm has taken over XRP’s gains, causing the price to dip to $2.47. This comes just three days after XRP re-approached the $3 mark, reaching a multi-week high of $2.83. However, it has since dipped about 15%, triggering concerns among holders.
Notably, this dip occurred amid Bitcoin’s instability. The premier crypto asset dropped to $93,300 over the past day after ranging around $98K for several days.
With ongoing price fluctuations causing unease among holders, Edoardo Farina, the founder of Alpha Lions Academy, took to X to offer a reminder for XRP investors to zoom out.
Worry Not About Buying XRP at $3
Farina emphasized a smart investing approach, pointing out that small price movements should not deter long-term holders. He drew a parallel to Bitcoin’s past performance, where it surged from just a few dollars to a six-figure digital asset.
“Would it really matter if you bought Bitcoin at $100 or $300, knowing where it is today?” Farina asked.
His statement suggests that it would not matter whether one bought XRP at $1 or $3 in a few years, as the price could have advanced as dramatically as Bitcoin’s did. He argues that short-term volatility is just noise for those who believe in XRP’s potential.
Take Cues from Bitcoin
For context, Bitcoin traded around $100 in 2013, and today, it sits at $96,281, delivering steadfast holders a 962X return.
Meanwhile, XRP has also been part of the market through Bitcoin’s 12-year rise. Currently, at around $2.60, XRP has offered holders a 44X return.
While the return on XRP may seem small compared to Bitcoin’s astronomical rise, experts like Farina remain bullish on its future. In previous commentaries, Farina suggested that XRP could reach lofty heights—up to $10,000 per coin.
Essentially, Farina’s tweet encourages investors to avoid panicking over short-term price dips. He suggests that, in hindsight, buying XRP at a “higher” price like $3 may seem irrelevant, especially if XRP reaches some of the widely projected future values.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
