Mason Versluis, a well-known cryptocurrency commentator, has revealed his strategy for XRP holdings amid the asset’s recent decline. Versluis stated he will not consider selling any of his XRP unless the token reaches $5. He shared this target after XRP fell to its lowest price since August, drawing renewed attention to its persistent downtrend.
XRP records sharp decline
Currently, XRP is trading at $1.08, representing a drop of more than 7% in the past day. Over the past week, the token has lost approximately 13% of its value and has declined around 70% from its all-time high of $3.65.
Versluis told his followers he would only begin selling between 10% and 20% of his position in XRP once the price reaches $5. He also acknowledged that his outlook tends to shift over time, yet this remains his present approach.
I will not be selling any ripple:native until $5. At $5 I will take a small percentage off the table—about 10 to 20 percent—though honestly, my mind changes on this every month.
| XRP Metric | Current Value | Change from Peak | All-Time High |
|---|---|---|---|
| Price | $1.08 | -70% | $3.65 |
| Daily Change | -7% | N/A | N/A |
| Weekly Change | -13% | N/A | N/A |
Political and market factors drive selloff
Multiple factors have weighed on XRP’s performance. The recent midterm elections resulted in Democrats gaining control of both the House and Senate, which ended the pro-crypto congressional majority that had previously supported regulatory clarity for digital assets. This political shift generated uncertainty over future policy direction, causing volatility in the market.
Throughout the year, steady selling pressure has been observed, with investors opting to exit positions during each short-lived recovery. XRP briefly rebounded after the election, but this recovery has since faded completely.
Additionally, Bitcoin’s price fell below $74,000, exacerbating losses in the broader crypto market. Unconfirmed reports about Jensen Huang, the CEO of Nvidia, and his alleged involvement with a Chinese intelligence operative, also negatively impacted sentiment within both tech and crypto sectors.
Mini dictionary: Nvidia is a leading American technology company specializing in graphics processing units (GPUs) and artificial intelligence hardware. Its CEO, Jensen Huang, is widely recognized for driving the company’s growth in the chip and AI industry.
XRP holders divided over next steps
Versluis’s post spurred a range of reactions from the community. Some investors indicated support for holding until $5, while others expressed skepticism. One respondent challenged the $5 target based on technical analysis, arguing that the rising circulating supply of XRP would require a much greater overall valuation for the price to reach that level. He pointed to years of resistance as an ongoing obstacle for the token.
Other holders shared their own strategies. One user reported selling 75% of his XRP at $3 and is now considering buying back at the current price, viewing the dip as a new entry opportunity. Another announced intentions to sell at $1.25, citing a long-term holding that began when the token was worth just $0.0001.
A third reply maintained a bearish outlook, suggesting the $5 target is unrealistic and that the market’s path forward may disappoint. This user referenced a previous prediction that XRP would drop to $1.08, but did not offer a new projection.
Community opinions remain deeply divided, with some aiming for higher targets and others citing technical hurdles or taking profits amid ongoing volatility.
Eyes on the $1 support level
Market observers have turned their attention to the $1 mark, which is seen as a critical test for XRP. An analyst who previously called a drop below $1 in August recently flagged new warning signals that the asset may retest this support level in the near future. Many investors are now closely monitoring price movements for the next major direction.
