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Expert Says Many Investors Regret Not Buying XRP Below $3
Popular XRP advocate Edoardo Farina believes that many investors now regret not accumulating more XRP before its latest rally.
Investors Missing Out on XRP Below $3
For instance, after XRP plunged below the $3 mark on February 1, it further slumped to $1.94 two days later, precisely on February 3. Despite reclaiming $2 the following day, investors had another opportunity to accumulate more tokens at discounted prices several months later
Specifically, XRP’s price crashed to $1.64 on April 7, following Donald Trump’s announcement of tariffs against several countries. The announcement had a bearish impact on the broader financial markets, with crypto having its fair share of the downturn
While some investors took advantage of the dip to grow their XRP holdings, others sat on the sidelines, fearing that the trade war might escalate. However, XRP rebounded, trading above $2 for most parts of May and June
Since this month, XRP has traded above $2, with its price reaching a multi-month high of $3.02 yesterday. It has since plunged below $3 to $2.85, where it currently trades
Farina Optimistic About XRP’s Prospects
Meanwhile, Farina has remained enthusiastic about XRP’s prospects, believing the asset will make many rich. He has been urging investors to accumulate XRP since the token was trading around $0.50.
With XRP currently trading at $2.85, a portfolio of 10,000 XRP is now worth $28,500, representing an increase of 470% from its $5,000 valuation back in October 2024
Notably, Farina believes the coin will surpass $100 in the future, where he plans to sell some of his holdings. In his view, it would be a costly mistake for investors to sell XRP when it reaches $10.