thecryptobasic.com
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.