Reputed Trader Swaps XRP Profits to ETH in a Move to Leverage Capital Appreciation

Reputed trader swaps XRP profits to ETH.

He confirms that this is simply a move to leverage capital appreciation

He confirms that there is no crash coming for XRP and the altcoin is great for long-term.

In the thick of the ongoing bull cycle, as anticipation for altseason arrival and peak altcoin prices, one reputed trader swaps XRP profits to ETH in a move to leverage capital appreciation. In detail, a popular analyst known for his silver-tongued predictions, reveals his latest move in the crypto market. He has unveiled swapping XRP to ETH and explains why he made the move.

Reputed Analyst Swaps XRP to ETH

In a move that surprises the crypto market, the reputed Doctor Profit, a prominent crypto trader in the web3 space, known for his several accurate, silver-tongued predictions reveals his latest crypto market trading move. While this move came off as a cause of concern for many traders following his signals, the analyst goes on to assure that his move is only a matter of leveraging his profits

As we can see from the post above, Doctor Profit reveals in his latest crypt trading move that he has swapped all this 600% profit from Ripple’s XRP and has entered big into Ethereum (ETH). He makes it clear that he has only moved his XRP profits to ETH and shares his reason for doing so. To highlight, the decision to take profit from XRP and shift to ETH is a matter of capital appreciation (increase in USD value) rather than believing in a crash scenario

With this one sentence, he dispels all irrational thoughts of an XRP price crash and goes on to explain that it was imperative for him to shed light on this fact as many traders were thinking of panic-selling their XRP holdings. That would have certainly been a shame in the analyst’s eyes, as he continues to believe that XRP remains to be a strong altcoin for long-term holding

XRP vs ETH, How to Hedge Your Trades

In fact, he goes on to relay just that in the post above. Specifically, he says that XRP remains one of the best investments long-term. However, he adds, that in the short-term it doesn’t make sense to hold in his opinion, as ETH will certainly start to pump in the coming days and ahead, and once ETH is finished pumping then the time will come to move those profits back to XRP when the market provides an ideal opening

This opinion is popular among regular traders who are either gifted at reading the market or carry years of experience that tells them when is the right time to take profits and shit. Meanwhile, other long-time holders continue to steadily accumulate their most promising cryptocurrencies and hope to see a significant pump as expected of crypto in the peak phase of the upcoming altseason.