Edoardo Farina, founder of Alpha Lions Academy, says those selling XRP around the January 2025 highs are making the greatest financial mistake in history.
Notably, XRP has been one of the standout players in the market since the U.S. presidential election in November 2024. For context, the altcoin began its impressive run with a massive 283% increase in November 2024 alone, attracting the attention of the broader market.
Industry Commentators Flip Bullish on XRP
Amid this upsurge, several industry commentators who initially doubted its potential to recover due to the lackluster performance in 2021 quickly changed their opinions. For instance, Raoul Pal, who had previously advised investors to get out of XRP, eventually admitted he was wrong in a disclosure last December.
Months later, particularly in February 2025, billionaire Mike Novogratz made a similar U-turn, acknowledging that he was wrong about the asset. According to Novogratz, XRP had remained relevant due to its vibrant and dedicated community.
As influential figures publicly changed their stance, some XRP community figures suggest a similar trend prevailed behind the scenes for investors. Accordingly, traders or investors who chose to avoid XRP had looked to jump on the train amid the recent upsurge.
However, some of these investors appear to have left the market when XRP reclaimed the $3 price in January 2025 and when it retested highs around the 2021 all-time high. In his recent commentary, Farina suggested that this was a costly mistake.
“Great Financial Mistake”
According to him, these “XRP haters” FOMOed into the market when XRP looked bullish, especially on the back of the November 2024 upsurge. However, they chose to sell their bags at the slightest chance of bearishness, especially after XRP faced resistance at the $3 mark.
“This will go down as one of the greatest financial mistakes in history,” the Alpha Lions Academy founder boldly asserted. Notably, Farina’s conviction comes from the belief that XRP is still undervalued at current prices, anticipating a massive appreciation in the future.
For instance, last week, the market commentator implied that XRP reaching $20 would merely mark the start of its larger uptrend. At the time, he questioned investors if they would have sold BTC at $500 had they realized the asset would someday reach $100,000.
In his latest disclosure, Farina noted that those who sold around the $3 level would witness a massive supply shock when they attempt to re-enter the market, especially when XRP recovers above the 2021 all-time high. Earlier this month, The Crypto Basic confirmed that XRP supply on exchanges had continued to plummet.
Meanwhile, XRP currently changes hands at $2.4, already looking to recover the losses of February 2025. Notably, XRP has witnessed consecutive intraday gains over the past four days, already up 12% in March. A break above the $2.6 could flip the general momentum from bearish to bullish.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
