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Top Trader Reveals Where He Sold XRP During Last Pump
A prominent trader has shared where he sold Ripple’s XRP during the last major price rally, providing valuable insights for investors. In a recent tweet, the top trader, known by his handle MMCrypto, revealed that he exited his XRP position near $2.83 with a mark near $3.40.
The shared screenshot, which appears to be a weekly XRP/USDT chart, highlights the significant price movement the asset has experienced since late 2024. At the time of the tweet, XRP’s price was hovering around $2.83, suggesting notable gains within the current week. The chart also showcases a high of approximately $3.40 during the earlier rally.
The trader’s post sparked a heated debate on social media platforms, with some community members praising his move while others questioned whether he could have held out for higher prices or suffered losses by selling too early.
One notable commentator, Krueger842, pointed out that the weekly candle in question displayed an unusually wide price range of around 33% from bottom to top. He argued that MMCrypto’s claim might imply perfect timing without concrete proof. This highlights the importance of diversification and risk management strategies for investors.
Another user, Crypto Chiefs, shared his own experience with XRP, revealing that he also sold out near $3.25 during the same rally but had since repurchased the asset at a lower price point of $1.95. He hinted that he would soon share his latest entry point and target for XRP, indicating that he remains actively engaged in the market.
In contrast, Whereismyhat expressed his concern about an upcoming car repair expense that requires him to liquidate some of his XRP holdings to cover personal expenses, emphasizing how some investors balance their cryptocurrency positions with real-world financial needs.
MMCrypto’s chart has brought attention to the asset’s volatility and key levels, further highlighting the importance of having a solid risk management strategy in place.
Source: timestabloid.com
