A well-known XRP YouTuber and investor shares the “simple” strategy he adopted to achieve a significant 14x return on his XRP investment.
XRP community members have been expressing mixed reactions to XRP’s recent surge above the $3.5 level. Amid the rally, some users regret selling XRP too soon, while others celebrate the significant returns from their early position.
Notably, famous crypto YouTuber Moon Lambo is among those celebrating their recent XRP wins. With XRP soaring above $3.50 on July 18, Moon Lambo revealed that the value of his XRP investment had increased 14 times.
This implies that he has achieved a 1,300% return on his XRP investment. In perspective, if Moon Lambo had invested $10,000 in XRP, the value of his investment soared to $140,000, representing an ROI of $130,000. However, he did not reveal specific details of his XRP holdings beyond the ROI.
Success Strategy
Meanwhile, the YouTuber disclosed the “simple” strategy he used to achieve this massive 14x return. According to him, he did nothing after buying the XRP tokens beyond holding them.
This suggests that Moon Lambo has held onto his XRP tokens through volatility and has not sold any since his original purchase.
Moreover, he emphasized that there is no trick behind the gains, attributing the success to his firm conviction in XRP, possibly due to his focus on the token’s fundamentals, such as its technology and payment utility.
Never Sold XRP
According to Moon Lambo, he first purchased XRP on November 17, 2017, eight years ago. He set his average “buy price” at $0.25, meaning that he accumulated more tokens at prices well below $1.
Since investing in XRP, Moon Lambo claims he has never sold XRP to lock in profits despite the recent price surge. He suggested that XRP’s rally this cycle is far from over, believing that the token’s price will continue to rise this bull season.
Notably, the YouTuber issued a rallying cry to the broader XRP community, urging investors to HODL (Hold On for Dear Life). He emphasized the need for market participants to adopt a long-term perspective for XRP.
Original Exit Plan Still Valid
When asked whether he still plans to liquidate his position when XRP hits $5, Moon Lambo emphasized that his target exit price and strategy remain unchanged.
He stated that he will stick to his original exit plan irrespective of a major rally, emphasizing that he is “not an emotional twit.”
Having soared to a multi-year high of $3.65 on July 18, XRP has dipped 4.1% to $3.5, where it currently trades. Despite the dip, XRP’s price is still up 72.99% in the past month and 19.76% over 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.
