Edo Farina(@edward_farina), a prominent XRP community member and CEO of XRPL-based Alpha Lions Academy, is cautioning against excessive optimism for XRP’s October performance. Despite a recent boost in the broader crypto market thanks to Bitcoin’s rally, XRP continues to trade below the $0.5 mark.
This lukewarm performance has divided the XRP community regarding the coin’s potential trajectory for the month, and Farina is advising investors to temper their expectations for XRP.
Farina recently took to X to share his perspective on XRP’s short-term future. His message was clear: “Nothing will happen in October. Stop hoping for a moon for this month.”
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He urged XRP enthusiasts to stop anticipating a moonshot for the coin this month and advised them to be cautious about setting unrealistic expectations. This belief is against many recent predictions of an impending XRP bull run.
Farina emphasized that over-optimism in the crypto space can be detrimental to mental health, stating, “Be realistic. Too much hope is not good for your health.”
While he believes in the long-term potential of XRP, he suggested that any substantial price appreciation may come unexpectedly, catching investors off guard. His advice can be summarized in his final statement, “The reality is that $XRP will ascend into the sky when you least expect it.”
Nothing will happen in October. Stop hoping for a moon for this month.
Be realistic. Too much hope is not good for your health.
The reality is that $XRP will ascend into the sky when you least expect it.
— EDO FARINA 🅧 XRP (@edward_farina) October 16, 2023
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The Community’s Reaction
Many in the community agreed with Farina. One user pointed out that XRP’s success would not come when users wanted. He stated that it would come when the rest of the world decided to use it, and nobody knows when this will happen. XRP was created to settle cross-border payments. As a CBDC, some analysts expect it to reach $10,000 or more. However, this will require worldwide adoption.
Another community member argued that XRP’s price would only go up with liquidity. He added that all price predictions based on trend analysis are wrong because the crypto market needs liquidity to thrive. This belief echoes the opinion shared by a veteran analyst who stated that XRP needs liquidity and not narratives to succeed.
The XRP community is grappling with mixed feelings regarding the token’s October performance. Farina’s message of caution and the need to manage expectations has resonated with many. While the XRP enthusiasts remain hopeful for the future, there isn’t much to hope for in October, according to Farina.
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