XRP is gaining popularity among cryptocurrency enthusiasts. big crypto asset after Bitcoin. This sentiment was echoed in a recent social media exchange between the investment account Invest In assets and crypto commentator Jake Claver, particularly when it came to selling too early. Discussions are taking place when XRP’s supporters have the most support. Some predict it may mirror Bitcoin’s explosive runs in previous markets cycles.
Bitcoin’s Footsteps are being followed by XRP
Conversation began after an account known as X on X started a conversation. “Invest In Assets” Investors were advised to avoid selling big winners prematurely. Jake Claver replied. noted Bitcoin’s runs as Missed opportunities are textbook examples. He said that people who sold Bitcoin too soon made this mistake, and will make the same mistake with XRP.
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Many investors who had the good fortune to get in early on Bitcoin have exited as it soared in price in 2017, and then again in 2021. XRP, the latest case study in the cryptocurrency world, is being referred to by many, not just Jake Claver. They argue that this psychological trap could happen again.
Vincent Van Code is a crypto analyst who supports this view. claim that Bitcoin was XRP, on the other hand, is a final money form. Van Code says that although Bitcoin was a financial revolution by creating a decentralized digital money with a limited supply, it’s slowness, transaction costs and design based on scarcity ultimately limits its global liquidity.
XRP offers a much more useful architecture in real life value transfers. It is designed to be fast, scalable, and have cross-border liquidity.
Avoid selling XRP early
Discussions about selling XRP too early has taken place strong root among investors They are trying to get ahead of a possible new run. The investor Johnny Crypto also warned against selling early.
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Johnny Crypto recalled how selling his He’s not going to make the same mistake again with XRP. He warned investors that the banks may try to gain control over retail crypto assets within the year.
This cycle, XRP is already above the $3.40 peak from 2018. It has reached a new high of $3.65. But several technical analysis have suggested that the probability of double-digit growth before 2025 is high.
Analysts say that patience is key, as the greatest mistake XRP owners can make in this cycle could be to sell before the rally really begins. The current price of XRP, $3.24 is up 3.1% from the previous 24 hours.
Chart from Tradingview.com, image from Shutterstock
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Source: www.newsbtc.com
