A famous market commentator advises investors not to fret about buying XRP late and to resist the urge to sell too early, as the token’s best days lie ahead.
XRP surged tremendously earlier this week, hitting a multi-year high of $3.65 on July 18. The latest rally was fueled by several factors, including the U.S. House passing three crypto bills and rumors about the imminent resolution of the multi-year legal tussle.
Despite its slight correction earlier, XRP still sits comfortably above the $3 price territory in the hours leading up to press time. However, XRP’s latest rally has elicited mixed reactions within its community. Some community figures like Six8Jay believe the recent surge makes it difficult for retail investors to amass sizable amounts of XRP.
It’s Not Too Late to Buy XRP
However, famous XRP commentator JackTheRippler shared a different opinion in a recent X post. Despite XRP’s recent gains, JackTheRippler stated that it is never too late to acquire the token.
This implies that, despite the massive price surge of XRP, the leading cryptocurrency still has considerable potential for further gains.
In JackTheRippler’s view, investors buying XRP today – even above the $3 price mark – can still reap significant gains, as the asset is poised for a further rally in the future.
It is expected that the price of XRP will skyrocket if the SEC approves the launch of all 11 spot-based ETFs exclusively linked to the token. These products could further enhance investors’ confidence in XRP, potentially driving institutional demand and higher prices.
Always Too Early to Sell XRP
Meanwhile, the expert asserted that it is always too early to sell XRP. This reasoning is tied to investors’ expectations of further gains for the token. It warns against locking in profits too early and eventually missing out on future price gains.
Recall that famous American businessman Dave Portnoy took to X to express regrets over missing out on 60% gains that would have seen him lock in profits to the tune of over $1 million.
Portnoy confessed that he sold XRP two weeks ago, following a recommendation from someone who had initially advised him to purchase the token. Shortly after offloading his XRP stash, the coin embarked on a bullish run, pushing its price to $3.65.
JackTheRippler’s post is a bullish way of saying that even though XRP has rallied massively, its best days still lie ahead. It reminds investors, particularly retail users, not to see XRP as “too expensive” and to resist the urge to sell too soon after a price spike.
At press time, XRP was changing hands at $3.47, up 23.93% over the past week and 59.24% in the past month.
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.
