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.
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.
