XRP price crashes? Top Trader Locks in 600 % profit on XRP, moves to Ethereum
A famous encryption merchant has achieved the headlines after he revealed that he had received a profit of 600 % on his XRP investments. This money is now transferred to ETHEREUM (ETH), hoping to get better returns in the near future.
The trader, known as Doctor Profit, shared this update with his online followers. He said he decided to exchange his XRP profits at the current price and put money in Ethereum, which he feels has a stronger opportunity to grow in the coming days.
“I just closed my XRP position after a 600 % profit lock,” books. “I have now turned this amount to ETH because I see a better preparation there now.”
Dr. Rabah also explained that this step does not mean that he lost confidence in XRP. He still sees it as a good -term option and plans to buy again when market conditions improve.
“XRP is still one of my long -term projects. I will look forward to re -entering when the time comes,” He added.
What made him choose ethereum?
ETHEREUM has seen a steady price growth over the past few weeks. Many market experts believe that ETH can prepare for another price jump, especially with the important updates and events that are lined.
The Doctor Profit step is a good example of how traders booking profits from one currency and investing these gains in another, based on current market opportunities.
With ETHEREUM well performed compared to many other cryptocurrencies in recent times, it is logical for merchants to consider this about new entries.
XRP price analysis
XRP has maintained the bullish market structure since its lowest level in April, and constantly constitutes its highest level and its highest level. The premium code is currently testing the main support scope, and it is historically a bullish step in the ups of the upward trend. If XRP can stick to the lowest level in April of $ 1.64 and break the main resistance at $ 2.59, this may lead to a large crowd.