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If You Still Don’t Hold XRP, You’re Doing Something Wrong: Expert

source-logo  thecryptobasic.com 06 February 2025 10:25, UTC
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John Squire, a widely followed social media manager, has suggested that those not holding $XRP are likely making a mistake in their investment strategy.

Squire shared this sentiment in a tweet on X, urging crypto enthusiasts to consider adding $XRP to their portfolios as they await the 2025 bull run.

$XRP Compared to Rivals

$XRP, the third-largest crypto asset behind only Ethereum and Bitcoin, has been one of the best tokens to hold in recent times. With a market price of $2.45, $XRP boasts a year-to-date gain of 18%.

Meanwhile, close rivals like $BNB, Dogecoin, and Ethereum are struggling with significant losses. In particular, $BNB is down 17% year-to-date, while Dogecoin and Ethereum holders are nursing losses of 15% and 14%, respectively, since the start of the new year.

Looking at a longer timeframe, the performance gap grows even wider. Despite $XRP losing 21% of its value over the past week, it still boasts an impressive 90-day gain of 351%.

In contrast, Ethereum shows a flat performance over the past three months with a negative 1.73% return. A similar trend is observed in $BNB and other close rivals.

Given $XRP’s strong performance relative to leading crypto assets, market commentators like Squire continue to encourage more investments in $XRP, seeing it as a better play for the upcoming bullish wave in the market.

“If you still don’t have $XRP, you’re doing something wrong,” Squire wrote in his tweet.

Optimism Around Holding $XRP

Many users shared his sentiment in response. One X user, Himothy, remarked that he knows people who hold Bitcoin but no $XRP, expressing dismay at their investment choice.

Meanwhile, market commentators like Edo Farina have even suggested a required quantity of $XRP tokens for investors to hold in order to make it into the ranks of the wealthiest holders.

The growing confidence in $XRP’s performance has led many, including respected voices in the community like John Deaton, to predict that $XRP could overtake Ethereum in this market cycle.

They are confident that $XRP will reclaim its position as the second-largest crypto asset behind Bitcoin, as it briefly did in 2018.

Critics Caution on Holding $XRP for Too Long

Meanwhile, market critics like Davinci Jeremie are warning against overexposure to $XRP. In a recent statement, Jeremie noted that he does not recommend $XRP as a long-term investment. Instead, he advises market participants to view $XRP as a trading opportunity for short-term profits.

Jeremie remains skeptical of $XRP due to its ties to the banking system, which he views negatively. He compares it to the Federal Reserve and cautions that investing in it long-term is akin to supporting an exploitative financial system.

Despite his skepticism, Jeremie has stated that $XRP could rally to $24 this year, representing nearly a 9X opportunity for today’s buyers.

thecryptobasic.com