XRP is valued at $2.41, reflecting an 8% drop in the last 24 hours. The cryptocurrency boasts a market cap of $137 billion. Over the past month, XRP price has seen a remarkable 350% increase, with a recent peak of around $2.9 3 days ago. Now that XRP price is moving, holders might need an exit strategy.
Crypto analyst Mathew Perry unveiled his exit strategy for XRP on his YouTube channel. He began by addressing a common dilemma among investors: the difficulty of selling. He stated that whether one is selling at a loss or a gain, emotional factors and psychological influences play a major role in the decision-making process.
Criticizing the greed that can cloud judgment, he warns against setting impractically high targets, such as a staggering $10,000 per XRP coin, which could lead to disappointment and regret during market corrections.
Analyst Personal Holdings and Sell Strategy and Realistic Target
The analyst reveals that he holds 210,000 XRP and elaborates on his strategic approach to selling at various price points. By fostering confidence in their exit strategies, investors can better withstand the inevitable fluctuations of the cryptocurrency market.
The analyst plans to sell 25% of his holdings when the XRP price reaches $5, with subsequent sales at $10, $20, $30, and beyond, using progressively smaller portions as prices rise.
This method allows him to retain a “forever amount” of XRP for potential future price surges, such as an eye-popping $1,000 per coin. Moreover, he discusses the importance of being prepared for reinvestment opportunities when prices dip after hitting certain highs.
READ ALSO: Cardano (ADA) vs. Kadena (KDA): Which Crypto Is Better to Buy in 2025?
The following video explains the analyst’s thoughts in deatils:
In projecting his exit plan, he presents a realistic target of $20 per XRP, equating to approximately $1.5 million. His optimistic expectation rests at $100 per coin, which would yield a market cap of around $5.7 million.
However, he also speculates on a maximum profit scenario, where the XRP price could reach $11,000 per coin, potentially resulting in gains of $14.6 million.
