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Expert Explains Why You Need to Hold at Least 1,000 XRP
Expert Explains Why You Need to Hold at Least 1,000 XRP
December 21, 2024
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Edo Farina, CEO of Alpha Lions Academy, recently shared compelling insights on the significance of holding at least 1,000 XRP for long-term success.
In a video update, Farina emphasized that XRP’s utility and adoption potential make it a cornerstone of the ongoing financial transformation. In parallel, he urged investors to secure their holdings before prices escalate.
The Case for 1,000 XRP
Farina believes 1,000 XRP is a critical benchmark for investors aiming to capitalize on the “greatest transfer of wealth in history.”
While this amount currently costs around $2,300, Farina argues that its long-term value could grow exponentially as XRP’s utility expands.
With central banks partnering with Ripple and the XRP Ledger poised to become integral to the next-generation financial system, Farina suggests that the digital asset’s price could soar to $10, $100, or beyond.
“Most investors will sell too early,” Farina noted, pointing out a common mistake he has observed among retail traders. He cited the case of some holders who cashed out on their XRP at $0.80 and $1 in November, expecting a retracement that never came.
Farina stressed that this emotional decision-making could cost them significant gains as XRP reaches its full potential.
Avoiding Common Pitfalls
Farina also highlighted a critical error many investors make: leaving their XRP on exchanges. He warned that exchange-held XRP could be vulnerable to supply shocks or liquidation events, as demonstrated in a recent incident where some exchanges failed to cover short positions.
To mitigate these risks, Farina urged investors to store their XRP in cold wallets and manage their private keys.
“Don’t trust crypto exchanges,” he cautioned.
Furthermore, Farina highlighted that another benefit of holding XRP off exchanges is that it shields investors from making emotional decisions, as constant price fluctuations during bull and bear markets can take a toll on one’s mental health. He cautioned XRP holders to avoid constantly monitoring their holdings, though checking market charts occasionally is fine.
“I don’t really know how much money I have in XRP. I check the chart, but I’m not checking my wallet to see how much money I have. Yes, I have a lot of XRP, but if I’m thinking in dollars, I have no idea,” he said.
XRP Long-Term Perspective
For those willing to hold XRP through market fluctuations and resist the urge to sell prematurely, Farina believes the rewards will be substantial. He urged community members to be part of the 5%, or even the 1%, who stay invested in XRP.
“Holding 1,000 XRP could be the key to financial freedom by 2030 or sooner,” he concluded.
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