Edo Farina, CEO of Alpha Lions Academy, has recently provided illuminating insights into the importance of owning at least 1,000 XRP for long-term financial success. In a video update, Farina underscored the utility and adoption potential of XRP, stating that it forms the bedrock of the ongoing financial revolution. Concurrently, he strongly encouraged investors to secure their holdings before the inevitable price surge.
Farina considers 1,000 XRP as a pivotal tipping point for investors eager to reap benefits from what he dubs the “greatest transfer of wealth in history.” At present, this amount is valued at approximately $2,300. However, Farina is confident that its long-term worth could skyrocket as XRP’s utility broadens.
With central banks around the globe forging partnerships with Ripple and the XRP Ledger set to become a key player in the next-gen financial system, Farina posits that the digital asset’s price could potentially escalate to $10, $100, or even higher.
“I’ve seen many investors sell too early,” he observed, referring to a common pitfall seen among retail traders. He cited instances of holders who prematurely sold their XRP at $0.80 and $1 in November, anticipating a price drop that never materialized. Farina emphasized that such emotional decision-making could deprive them of substantial profits as XRP reaches its zenith.
Further, Farina identifies another frequent oversight by investors – keeping their XRP in exchanges. He cautioned that such holdings could be susceptible to supply shocks or liquidation events, as evidenced recently when some exchanges were unable to cover short positions. To counteract these potential hazards, Farina advised investors to transfer their XRP into cold wallets and maintain control over their private keys. “Don’t trust crypto exchanges,” he warned.
In addition, Farina pointed out that another advantage of holding XRP off exchanges is the emotional shield it provides investors. He noted that the continuous price volatility during bull and bear markets can wreak havoc on one’s mental wellbeing. He advised XRP holders to resist the temptation to continually monitor their holdings, although occasional market chart check-ins are acceptable.
“I don’t really know how much money I have in XRP. I check the chart, but I’m not checking my wallet to see how much money I have. Yes, I have a lot of XRP, but if I’m thinking in dollars, I have no idea,” he confessed.
On a long-term perspective, Farina believes that the rewards for those willing to hold XRP through market fluctuations and resist the temptation to sell prematurely will be substantial. He urged the XRP community to aim to be within the 5%, or even the 1%, who remain invested in XRP.
“Holding 1,000 XRP could be the key to financial freedom by 2030 or sooner,” he concluded.