The crypto community is full of astronomical predictions like Xrp reaching $589 or $1000). This warning reminds us that reaching the price is only half the battle; the other half is the ability to sell and convert paper profits into cash.
History repeats itself: This scenario has occurred in every previous market cycle. Many investors became millionaires on paper at the peak of 2021, but they lost most of these gains because they did not sell at the right time.
3 How do you protect yourself from this fate? Suggested strategies.#xrp
1. Set an Exit Strategy now: Don’t wait until the market starts to rise wildly. Set clear price targets and how much you will sell at each target (for example, sell 20% at $5, 20% at $10, etc.).
2 Taking profits is not a mistake: Always remember no one went bankrupt from taking profits. Securing some profits along the way is a wise decision.
3. Don’t fall into the trap of greed: Resist the urge to wait longer. It’s better to sell part early than to be forced to sell very late in a panic.
