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Edward Farina, the founder of Alpha Lions Academy, shares an important tip to help investors become rich through investing in $XRP.
Farina made the revelation in a recent video as he cautioned investors against selling their $XRP holdings during every market downturn. This comes shortly after $XRP’s price tanked from around $2.47 to $2.33 on May 12, representing a decrease of 5.66% within 24 hours.
This slight dip sparked concerns among $XRP holders, with some users selling the asset to shield themselves from further downturn. As a result, Farina posted the video to encourage investors to continue holding $XRP despite the dip.
How to Become Rich Investing in $XRP
In the video’s opening seconds, Farina revealed a strategy that could help investors become rich from investing in $XRP. According to him, getting rich through $XRP does not require fancy strategies like day-trading, staking, or gambling on XRPL-based meme coins.
He also dismissed the idea of committing huge capital to $XRP in an effort to become rich. According to Farina, the key to becoming rich in $XRP requires the simple trait of being courageous during intense volatility.
He emphasized that investors who sell their $XRP coins during a slight dip of about 20-30% are usually priced out and eventually miss out on the next big rally.
Notably, the expert cited people who sold $XRP when its price was around $0.50–$0.70 as a case in point, as $XRP has skyrocketed hundreds of percent from those levels.
For Farina, the three steps to becoming rich through investments in $XRP include buying the coin, holding it for the long term, and being courageous during intense volatility.
Strong Conviction in $XRP
Having been a panic seller in the past, Farina admitted that he learned his lessons the hard way and has since decided never to sell his $XRP holdings again based on price dips. The Alpha Lions Academy founder emphasized that he will continue to hold his $XRP bag irrespective of whether the price crashes to zero.
By holding $XRP through dips, he boasts of outperforming ‘every single $XRP trader as well as 99% of the financial markets.’ Explaining what bolstered his belief in $XRP, Farina revealed that he made a ‘conviction move,’ which involves studying $XRP’s underlying technology, understanding its financials, and its impact in geopolitics.
He asserted that there is a strong demand for $XRP, driven by its utility as a bridge currency between fiat currencies. Interestingly, he also said $XRP has attracted the attention of global financial institutions, including the IMF and BIS.
“This is just a reminder to have some b*lls, hold your $XRP, and you shall thrive. That strategy has worked for thousands of $XRP holders, and I assure you it will work for you as well. Don’t sell,” Farina remarked.
95% of Investors Will Be Left Behind
Despite his advice, he acknowledged that investors must decide whether to buy and hold $XRP irrespective of its short-term price action. Notably, he reminded them how fast $XRP’s price usually takes off whenever it chooses to soar.
According to him, when the $XRP train moves, it will surge so fast and will not stop to pick anyone who refuses to buy and hold it now. He speculated that most people, representing 95% of investors, would be left behind when $XRP’s price rallies.
It bears mentioning that Farina has been bullish on $XRP for years. He believes the crypto asset can give investors financial freedom, particularly those with holdings of 10,000 $XRP. At press time, $XRP was trading at $2.37, down 2.29% over the past 24 hours and 1.7% in the past week.