HomeCryptocurrencyPundit: I Will Not Be Selling Any XRP Until $5, But...

Pundit: I Will Not Be Selling Any XRP Until $5, But…

Crypto commentator Mason Versluis has revealed his target price for XRP. The crypto expert stated in a recent post that he will not sell any XRP until the asset hits $5. Intriguingly, this post came as XRP fell to its lowest price since August.

XRP trades at $1.08, down over 7% from yesterday. The asset is down roughly 13% over the past week and 70% from its all-time high of $3.65.

The $1 level is now in sight. At $5, Versluis plans to take 10-20% off the table. He acknowledged his thinking shifts month to month, but this is his current position.

Why XRP is Dropping

The decline has several causes working together. Democrats swept both the House and Senate in the midterm elections, removing the pro-crypto congressional majority that had supported clearer regulation. The timeline for clarity and the market’s direction are now unclear, and prices moved quickly on that uncertainty.

Selling pressure has built steadily throughout the year, with holders selling into every attempted recovery. The asset experienced a brief post-election bounce that lifted prices, but that momentum has fully faded.

Bitcoin has also dropped below $74,000. Unverified reports about Nvidia CEO Jensen Huang admitting to an affair involving a Chinese intelligence operative added further pressure across tech-linked assets, rattling sentiment across crypto markets simultaneously.

The Community Responds

Versluis drew a wide range of responses. Some holders are with him, and many others are not. One reply challenged the $5 target on technical grounds, arguing that rising circulating supply demands higher valuations to sustain the same price. He called the resistance XRP has faced for years the reason the price sits where it does today.

One holder said he sold 75% of his position at $3 and plans to buy back at current prices, treating the drop as a buying opportunity. Another said he plans to sell at $1.25, having held since XRP traded at $0.0001.

One reply was brief and bearish, saying $5 is not coming and the destination “you may not like.” He shared an image proving that he had predicted a drop to $1.08 two days earlier, but did not provide a new target for the asset.

What’s Next for XRP?

Analysts are now watching the $1 level as the next critical test for the token. A prominent analyst who predicted the dip below $1 in August recently shared warning signs that XRP could approach that level again. Market participants are watching closely to see where the market goes next.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.


Follow us on X, Facebook, Telegram, and  Google News

Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over seven years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
RELATED ARTICLES

Latest News & Articles