A notable XRP community figure and crypto founder has maintained his optimism in XRP’s potential despite the recent price slump.
For context, as the broader market witnesses a downtrend, with the global crypto market cap losing $780 billion since February, XRP has continued to face the harsh weather. The altcoin came dangerously close to losing the $2 mark during a bearish wave on March 29. Notably, it slumped to $2.06 on this day.
However, the bulls defended the support fervently, triggering a mild recovery to around $2.1. Nonetheless, this position still represented a massively bearish zone for XRP. Despite this, Alpha Lions Academy founder Edoardo Farina has maintained his confidence in XRP’s potential.
Crypto Founder Remains Optimistic
In a recent disclosure on X, he suggested that seeing XRP at the $2.11 mark was “a walk in the park.” His statement came as the bearish atmosphere dominated the scene. Notably, Farina aimed to allay these bearish sentiments, pointing out that XRP is still on track for an explosive price growth.
Watching $XRP at $2.11 feels like a walk in the park. I remember when dropping below $0.50 was considered a “crash.”
I held my ground then, and I’m not worried now, but the lettuce hands are jumping ship. Only a few will be here when we break $10. 👀
— EDO FARINA 🅧 XRP (@edward_farina) March 29, 2025
The community pundit spotlighted historical context as evidence that XRP can transcend this position. He called attention to a time when XRP dropped to $0.50. Interestingly, this was not in the distant past, as XRP trades at the $0.5 level just five months ago.
For context, on Nov. 3, 2024, right before the U.S. elections, XRP collapsed to a low of $0.4918 before rebounding to close the day at $0.50. During this period, bearish discussions dominated the market, similar to the current market sentiments. At the time, XRP’s Fear and Greed Index (FGI) stood at a neutral value of 45, per CFGI.
However, amid the prevalent bearishness, XRP skyrocketed following the U.S. elections, reaching a peak of $3.4 in mid-January 2025. This marked a massive 580% increase within three months.
This historical precedent has bolstered Farina’s confidence that XRP could still recover from the ongoing drop. “I held my ground then, and I’m not worried now,” the community pundit remarked. Nonetheless, he stressed that holders who lack conviction, whom he calls “lettuce hands,” appear to be selling off their bag.
XRP to $10 Target
As a result, the market commentator insists that only a few investors will be around when XRP recovers to greater heights, with a focus on the $10 mark. Notably, Farina has repeatedly called for an XRP run to $10. Last November, he presented ten factors capable of bolstering the rally to $10.
Despite suggesting a run to $10, Farina does not see this as his ultimate target. In a December 2024 disclosure, the crypto founder asserted that those who sell their tokens when XRP hits $10 would regret the decision. With XRP trading for $2.13 at press time, a rally to $10 would require a 369% rise, lower than the 580% spike from November 2024 to January 2025.
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.
