The Economic Ninja, a well-known cryptocurrency educator and commentator with a significant following online, announced that he has sold his entire XRP position and shifted approximately 80% of his crypto portfolio into cash.
Portfolio shift and market outlook
He stated that he has kept the majority of his holdings in cash since December, citing concerns over current market conditions. Although he initially set a $5 target price for XRP, he decided to sell before this level was reached, responding to signals he perceived as weakness in the broader cryptocurrency market.
After selling his XRP, the price temporarily surged by nearly $1, but he remained on the sidelines. He explained that, despite the short-term price movement, his assessment of deteriorating market fundamentals convinced him not to re-enter the market.
Rather than waiting for XRP to hit the $5 target, he moved to cash early, citing emerging signals of market instability as the driving force behind his decision.
Ripple leadership and token sales
A key factor in his strategy involves the actions of David Schwartz, CTO Emeritus at Ripple. Schwartz reportedly sold nearly all of his personal XRP holdings, opting instead to retain significant shares in Ripple’s private stock. The Economic Ninja interpreted this move as notable and potentially indicative of where future value may lie.
He argued that Ripple, the company behind the digital asset XRP, regularly sells XRP to finance operations and growth, particularly with an eye on a future initial public offering. According to Economic Ninja, the benefit to private shareholders outweighs gains for typical XRP holders.
Mini dictionary: Ripple is a San Francisco-based fintech company that develops global payment solutions using blockchain technology. It issues XRP, a digital asset used for cross-border transactions, and is considered a major player in blockchain-based financial infrastructure.
XRP price projections and short squeeze concerns
Economic Ninja predicted that XRP price will likely fall below $0.80. He correlated XRP’s recent decline from $1.60 to $1.06 with broader market uncertainty, despite no significant correction in the stock market so far. He expects further declines for XRP if a downturn in equities materializes.
He also attributed the recent upward movements in both Bitcoin and XRP prices to what he described as a “short squeeze,” rather than genuine investor demand. He believes that influential market participants coordinated efforts to push prices higher, forcing traders holding short positions to exit the market.
He contends that the latest price uptick in XRP was driven by a short squeeze orchestrated by large market players, not sustained by organic buying pressure.
| Asset | Recent high | Current price | Projected target (Ninja) |
|---|---|---|---|
| XRP | $1.60 | $1.06 | Below $0.80 |
Views on influencers and future investment strategy
He expressed strong criticism of crypto influencers who have repeatedly forecast that XRP would reach $500, saying these predictions have consistently proved inaccurate. Economic Ninja further suggested that some public commentators are financially incentivized by crypto companies—a practice he denies participating in.
Looking ahead, Economic Ninja plans to focus on real estate investments, particularly tax deed auctions, after selling his holdings in both gold and silver. He now sees real estate as the next favorable opportunity in his investment cycle.
He advised his audience to stay in cash for now and avoid promotional content encouraging crypto or precious metals purchases, especially during what he perceives as a period of increasing market risk.
