XRP Avenger, a well-known figure in the cryptocurrency space, recently posed a question to the XRP community on X, asking what price would prompt holders to sell their tokens. He wrote, “What is the minimum price you are willing to sell your XRP at? $5, $10, $50, $100, $500 or $1000?”
XRP Army Weighs In
One common theme among the responses was the belief that the digital asset’s value would continue to rise significantly. Some users expressed no desire to sell their tokens, emphasizing a long-term commitment to the digital asset.
One user replied, “Not selling at all, maybe staking but not selling,” highlighting a desire to earn passive income through staking rather than cashing out. Although the XRP Ledger (XRPL) doesn’t have native support for staking, services like Valour’s physical staking product offer this feature to investors.
Another interesting viewpoint came from a user who believes that XRP will eventually be integrated into everyday transactions, eliminating the need for traditional selling. He stated, “It will be currency you never have to sell.” This response reflects a belief that the digital asset will evolve into a currency that can be used directly for purchases, bypassing the need for liquidation into fiat currency.
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Community Debates Potential Targets
Price targets also varied significantly among the community. While some users had more modest expectations, such as selling at $15 or $20, others had much higher goals. One user outlined three targets: $15, $100, and $1,000+, noting that they would sell 50% of their holdings while holding the remaining amount long-term.
For those with short-term selling goals, the strategy was often about taking profits before potential price drops. A user said they would sell at “$20 just to gain profit before it drops again, then buy it back.” This approach could help mitigate losses, and avoid the risk of holding on too long and losing money due to price corrections or market volatility.
Interestingly, some users revealed they do not have a concrete exit strategy, opting to hold onto their XRP for the foreseeable future. One user admitted, “I don’t have exit strategies,” while another expressed strong confidence in the cryptocurrency’s long-term prospects, stating, “It’s only going to go up, I’m not selling.”
A few users expect the digital asset to reach $100 or more among the higher price targets. One more optimistic user stated he would sell when XRP hits $1,000. The responses may vary, but most community members are confident XRP will reach high levels.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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