Ripple Community Shows Commitment to XRP Amid Depressing Price Action and Long-Term Holder Dumps
The price of Ripple XRP has not seen a major bull run since 2018, largely due to its long legal issues. Over time, various holders have announced that they were dumping the token for another they find more promising. One of the latest people to dump their XRP holdings is Greg Willis, who shared his decision on X.
In a tweet, Greg Willis expressed his frustration with holding XRP for seven years without seeing significant gains, especially while watching meme coins surge 100x. He stated, “I finally did it! Had to cut ties after 7 yrs! Not going to go thru another bullrun holding #XRP & make $0 while watching stupid #meme coins do 100x. Sold my last 50k $XRP … thanks for nothing. Good luck to #xrparmy & maybe I’ll see tweets saying “$20 finally !!” but I’m out.“
Willis’s decision to sell his XRP holdings was applauded by some who were not interested in the token and did not believe it would perform well soon. One such individual, Crypto Lobster, replied, “Best Decision of your life.”
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However, the tweet was followed by posts from many other individuals who are still committed to the crypto despite lagging behind. Bryan G expressed surprise at Willis’s decision, stating, “Why would you sell right now. Right before the case ends and adoption is taking place around the world. You will 100% regret. Not saying there’s not other profits to be made but bad timing. Best of luck.”
Clifford D shared a cautionary tale, saying, “Sad to hear speaking as someone in the know you will regret this like I did when I lost out on 168 million from BTC.” DOXXX acknowledged Willis’s decision but expressed hope that XRP doesn’t “moon like crazy coz that will mess with your head, having held this long and it moons into double or triple figures.”
Others, like digital cryptocurrency world and cryptowaikoah, remained optimistic about XRP’s potential, with the former stating, “That was a Mistake wait and see next week,” and the latter saying, “Right near the finish line? I’ve had the same thoughts but I just removed some $XRP to go after other projects. But I left a bag to ride or die. It’s been too long.” XrpBanker confidently declared, “See you at $20.”
Such commitment from the XRP community can potentially spike the token’s price, as a dedicated following is one of the essential factors for a project’s success. With a significant portion of holders remaining steadfast in their belief in XRP, despite the lackluster price action, the token may still have a chance to thrive.
Ripple Price Prediction: AltFINS Analysis Shows XRP is on Downtrend Across All Timeframes
According to AltFINS analysis, the trade setup for XRP indicates that the price is in a downtrend. To resume an uptrend, the price needs to break above stiff resistance areas, including the horizontal $0.55 resistance, the down trendline, and the 200-day moving average (around $0.58).
The analysis states that the trend for XRP is a downtrend across all time horizons (short-, medium-, and long-term). While the MACD Line is above the MACD Signal Line (bullish), the RSI is around 50, indicating neutral momentum.
Key levels to watch include the nearest support zone at $0.50, followed by $0.42. The nearest resistance zone is $0.55 (previous support), then $0.65, and $0.75.
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