XRP News Today: XRP Drops 5.60% in 24 Hours, Expert Advises Holders to Stay Calm

Edward Farina, the founder of Alpha Lions Academy, recently shared his insights on XRP in a video, advising holders to be cautious about selling during market dips. He highlighted that on May 12, XRP experienced a 5.60% drop within 24 hours, falling from $2.47 to $2.33. Farina emphasized that such fluctuations can instill fear, but holding onto the asset could yield significant long-term benefits.

Farina urged investors not to be alarmed by 20–30% pullbacks, as selling during these periods often results in missing out on subsequent surges. He cited historical data where XRP fell to around $0.50–$0.70, and those who sold missed out on substantial gains as the price later climbed by hundreds of percent. Holding through downturns, he argued, could turn a small investment into a much larger one.

Farina's three-step approach to investing in XRP is straightforward: buy the coin, hold it long-term, and remain steadfast during market volatility. He dismissed the need for complex strategies like day-trading or staking, instead emphasizing the importance of courage during market fluctuations. Farina also noted that a significant initial investment is not necessary; what matters most is the ability to stay calm and hold through market turbulence.

Farina also discussed the institutional interest in XRP, highlighting its role as a bridge currency for fiat transfers. He mentioned that major financial institutions, including the IMF and the Bank for International Settlements, have shown interest in XRP. This backing, he believes, indicates strong and sustained demand for the asset.

Despite his optimistic outlook, Farina acknowledged the risks involved in investing. He admitted to having sold XRP in panic in the past and missing out on gains. He now advocates for holding XRP even if the price were to fall to zero, though he cautioned that real markets are unpredictable and that risk management and exit strategies are essential.

At the time of reporting, XRP was trading at $2.37, down 3.25% over 24 hours and 1.7% for the week. Farina warned that when XRP takes off, it could move so rapidly that 95% of investors might get left behind. He urged those interested in investing to act promptly to secure their place on the "XRP train."