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Expert Suggests the Right Amount of XRP Every Investor Should Own

thecryptobasic.com

22 min ago

Expert Suggests the Right Amount of XRP Every Investor Should Own

A notable market commentator has shared what he believes is the right amount of XRP every investor should own amid varying suggestions. According to the analyst behind the XRP community-driven account “XRP Investing,” every investor should only own an amount they find comfortable investing in. This suggestion was in contrast to prevalent ideas from other community commentators, who presented specific figures. For context, over the past few months, discussions around the minimum amount of XRP investors should hold have emerged, as pundits advise an aggressive accumulation culture amid the current market uncertainty that has kept XRP locked in an extensive consolidation phase. Some have suggested a minimum of 1,000 XRP, while others believe 10,000 is necessary. The Right Amount of XRP is What You Can Afford “XRP Investing” does not agree with these ideas. According to the market commentator, the ideal amount of XRP an investor should possess is basically how much that investor can afford without flinching. He emphasized that this is not a fixed figure such as 2,500 XRP or 10,000 XRP, but rather a variable one depending on the investor’s capacity. For instance, some investors might be capable of procuring 100,000 XRP at the current price, while others might not have enough to even buy up to 30,000 XRP. “XRP Investing” insists there is no pressure. He suggested that investors should ensure they stay within their means. Notably, this is particularly important, as some could invest funds that they are not willing to part with, which may lead to anxiety, especially if the price action does not go in the expected direction. To avoid this, investors must commit what they can afford to lose. According to “XRP Investing,” market participants should stay within their means in their investment decisions and “sleep well.” He then advised allowing the market to do its thing. The analyst suggested that investors buy what feels right to them if they do believe in XRP. Ideas from Other Analysts These remarks come on the back of multiple ideas from other analysts. Particularly, Edoardo Farina, XRPHealthcare’s Head of Social Adoption, has persistently suggested that an investor must hold at least 10,000 XRP if they wish to observe impressive gains when XRP reaches ambitious price targets. Last December, Farina argued that an investor who does not hold at least 10,000 XRP is making a life mistake. Barely a month later, he suggested that those who have already amassed up to 10,000 XRP might not fully understand how free they’ll be in the future. These comments came from the idea that XRP will certainly skyrocket in the future. While they might present a sense of urgency for investors to accumulate more tokens before this eventual price spike, the idea of a benchmark could push some to commit what they are not willing to part with, leading to anxiety. At press time, XRP trades for $2.18, trading flat over the past 24 hours.

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