A top XRP community member has shared a piece of advice to help investors win with XRP.
XRP has consistently faced intense volatility over the past few weeks following the ongoing correction across the broader crypto market. Previously trading above the $3 territory earlier this month, XRP has now crashed to $2.32, where it currently changes hands.
Tips to Win With XRP
Amid this volatility, investors have been debating the best strategy to profit from XRP in the long term. As a result, popular community figure Diep Sanh shared a simple but powerful investment principle to help investors become profitable through investing in XRP.
He explained that winning with XRP does not require brilliance. This implies that investors do not need advanced trading skills, deep technical expertise, or perfect market timing to profit from the token.
Notably, the pundit stressed that community members must “avoid being stupid and stop selling” their XRP holdings too soon. This remark serves as a warning against the emotional and impatient behavior many traders display during market downturns.
Instead of holding for the long term, they often panic-sell during price dips or react fearfully to negative headlines, ultimately liquidating their assets prematurely and missing out on potential returns.
How Investors Missed Out on XRP Massive Rally
For instance, when the U.S. SEC filed a lawsuit against Ripple in 2020 and several exchanges subsequently delisted XRP, many investors rushed to sell their holdings amid consistent price declines. As the legal battle dragged on, XRP plunged to around $0.30, prompting even more holders to exit the market prematurely.
However, years later, following the case’s resolution, XRP staged a strong comeback, surging to approximately $3.65 in July. Those who sold early during the period of uncertainty ultimately missed out on the remarkable rebound.
Notably, Sanh’s advice underscores the importance of patience and conviction. He emphasizes that investors don’t need exceptional brilliance to succeed in the market; instead, they need to avoid impulsive decisions and adopt a long-term mindset toward their XRP investments.
Sanh Remains Bullish on XRP
Despite the growing volatility, community members like Sanh have remained bullish on XRP. His goal is to become an XRP millionaire–a vision that has prompted him to acquire at least 3 XRP weekly.
So far, he has amassed 1,304 XRP, which he believes will “go down in history” someday. At the current price of $2.32, Sanh’s 1,304 XRP portfolio is valued at $3,025.
However, like many others, Sanh envisions a future where the price of XRP could be worth hundreds of dollars, which would substantially boost the value of his investment. So far, he has not revealed any plans to sell his XRP holdings.
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.