A trader and known XRP community pundit has revealed what he believes is one of the hardest parts about holding XRP.
This commentary came from Diep Sanh, who has consistently maintained a bullish stance on XRP despite recent bearish market realities. For context, amid the latest market rebound effort, XRP failed to match the pace of the broader market, underperforming most of the assets in the top 10.
The Hardest Part About Holding XRP
Now, the market is seeing a retracement, and XRP has joined in the downturn, dropping to the $2.84 level. As a result of this bearish price action, which has lasted over the past week, XRP has suffered a relegation to fourth on the list of the largest assets by market cap (excl. stablecoins), with BNB recently overtaking it.
Calling attention to BNB’s recent bullish campaign, XRP community pundit Diep Sanh suggested that the test of self-control is one of the hardest parts about holding XRP. This is because the altcoin often lags in cases where other assets are seeing impressive gains, triggering unease among investors and a tendency to sell off their holdings.
In such cases, only those who hold a certain amount of conviction can maintain self-control and continue HODLing. However, this practice is extremely difficult, according to Sanh, especially when holders of other altcoins are observing impressive gains.
Sanh confirmed that seeing BNB rally while XRP remains stagnant is a painful experience. Specifically, while XRP has remained flat this month, with a minor 0.08% drop, BNB has breached new territories, hitting a new all-time high of $1,347 and gaining by a massive 25.85% this month alone. As a result, BNB is now the third-largest asset (excl. stablecoins) with a market cap of $177 billion, while XRP is fourth with $171 billion.
XRP Will Have Its Moment
However, despite facing the current trying period, Sanh has maintained his confidence in XRP. “I know this: XRP will have its moment,” he insisted. According to Sanh, when XRP does engineer a comeback against the bears, its bullish push will be more explosive than other crypto assets.
Interestingly, the market has observed this trend multiple times. For instance, at the start of the 2017/2018 bull run, XRP lagged while the broader crypto market saw impressive gains. Specifically, from October 2016 to February 2017, XRP witnessed consistent declines, dropping 54% while the rest of the market gained.
However, when XRP joined the rally in March 2017, it outperformed every other top crypto asset, soaring over 60,000% to the $3.31 peak by January 2018. In the end, XRP was one of the best-performing crypto assets during that bull run.
Most recently, XRP observed a similar pattern. In October 2024, Bitcoin gained 11% while BNB saw a 1.56% rise. However, XRP witnessed a 16.74% loss that same month. Interestingly, by November 2024, when XRP joined the uptrend, it rallied 284%, outpacing the rest of the market and pushing to $3.4 by January 2025.
Notably, Sanh’s commentary takes inspiration from these impressive historical patterns. The market pundit expects XRP to repeat the run in the future. Last month, Coach JV made similar comments, insisting that when XRP has its moment, it will be fast and unforgiving.
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.
