In the harsh correction wave in the cryptocurrency market, XRP is in the spotlight of investors. With the volatility seen in the market in recent days, XRP is also under pressure: Although it was traded above $ 3 in October, it has now fallen to around $ 2.30. This situation brought the simple but striking advice given by the popular name Diep Sanh to investors to the agenda again.
Long Term Strategy: “Keep, Don’t Sell”
Diep Sanh’s advice is clear: You don’t need extraordinary trading techniques or perfect market timing to be successful with XRP. The real danger is that investors act in panic and sell their assets prematurely. Sanh pointed out emotional and impatient behavior by telling community members “don’t be stupid, don’t sell your XRP early.” This warning is a counter to the “price drops, I get out” reflex, which is common during periods of market decline.
For example, Ripple 
$2.23During ‘s lawsuit with the US Securities and Exchange Commission (SEC) in 2020, many investors disposed of their XRPs at sick prices. However, when the lawsuit ended and the market recovered, they missed levels exceeding $3. Sanh’s point is that “staying in the game” sometimes determines all the winnings.
Macro Economy, Exchange Rate Risk and XRP
However, it should not be forgotten that the investment environment is not shaped solely by technical analysis and that we should not be carried away by dreamy expectations. Recently, there was a liquidation of approximately 19 billion dollars in the crypto market, especially the USA-China trade tension was behind this. In such an environment, after the decline, XRP took a defensive position and recovered from $ 2.19 to $ 2.33. Moreover, a new support appeared on behalf of XRP: It was revealed that Ripple made a $ 1 billion deal providing access to the treasury management systems of Fortune 500 companies. This development could accelerate XRP’s entry into the corporate finance space, which could provide a hedge on both price and confidence.
Macroeconomics, which constitute the big picture, and institutional developments specific to XRP have an important place in investors’ decisions. In summary: investors need to remain calm not only when the market is recovering, but also when macro risks emerge.
In other words, success in XRP investing may often come down to the ability to “stay in the game” and not complex strategies. However, investors should not forget that many factors affect prices and the process, and as we always say, they should definitely do in-depth research.
Diep Sanh’s advice urges investors to stay away from panic and be patient. Market conditions are currently volatile; As macroeconomic risks increase, institutional developments could be a positive catalyst for XRP.
