An eminent crypto trader on the X platform (formerly Twitter) made waves on social networks after revealing that he had sold all of his XRP participations in order to buy Ethereum. The merchant known as Doctor Profit on social networks revealed him to his more than 400,000 subscribers on the platform, as well as the reasons why he has done this move and what he expects in the future.
Discover XRP for 600% gains to buy Ethereum
Doctor Profit had revealed for the first time on May 19 his intention to start selling his XRP hiding place. In this initial position, he revealed that all his XRP had been bought at very low prices between $ 0.2 and $ 0.5, putting his entry very low. At the current price at the time, the Crypto trader was seated on a profit of around 608% at this stage.
It was then that he told his disciples that he intended to start selling his XRP investments after keeping them for three years. He also explained that he only sold XRP and no other cryptocurrency or even Bitcoin. Rather, he sold to buy more later at a much cheaper price.
Then, in a follow -up article on May 20, Doctor Profit finally revealed his full plan when it comes to selling XRP. Apparently, the Crypto trader had decided to throw away all his XRP in order to buy Ethereum, a decision which he described as “question of appreciation of capital”. The reason is that Doctor Profit believes that the Ethereum price could see a major short -term increase.
As for XRP, he explained that the sale of his hiding place did not mean that he expected the XRP price to block. It is rather because XRP’s outfit did not make short -term meaning and was a longer -term investment. Thus, he plans to take the gains made from Ethereum investment, then reinvest them on a later date when a good entry is presented. But for the moment, Doctor Profit has confirmed that all the benefits made from his XRP investment in the last three years have now been transferred to Ethereum.
Optimistic perspectives for the market remain
Back during the decline that tormented the cryptography market from January to March 2025, Doctor Profit was one of the analysts who called the price of the price when Bitcoin had dropped to $ 77,000. From there, the analyst had called that Bitcoin would rebound above $ 100,000, arguing that a new summit of all time is possible. Until now, his prediction of $ 100,000 has taken place, and the high forecasts of all time were completed after Bitcoin violated $ 109,300 on Wednesday.
For Ethereum, the analyst’s bullish thesis has existed for some time. He previously qualified Ethereum the best opportunity because his technical, chain and psychological indicators have become bullish. He estimates that the Ethereum price can increase up to $ 7,600, with a lot of common liquidity by about $ 4,000.
Dall.e star image, tradingView.com graphic
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