Crypto trader and commentator Shaney Boy, known on X as @ShaneyBoyzz, has publicly stated he intends to sell his entire $XRP holdings if the asset returns to his original purchase price. His post voiced his mounting frustration as the cryptocurrency continues underperforming.
XRP price dips extend amid weak sentiment
XRP currently trades at $1.20, reflecting a decline of 8.05% in the last 24 hours and 17.55% over the past month. Despite some optimistic developments in the sector—such as the recent approval of Ripple National Trust Bank by the US Office of the Comptroller of the Currency (OCC)—XRP has failed to recover its momentum or deliver gains for investors who bought at higher levels.
The cryptocurrency market experienced a brief, post-election rally, but this recovery quickly faded. Major assets have since fallen, and XRP’s losses outpace those of many large-cap coins. For comparison, Bitcoin and Solana have recorded smaller declines in the same timeframe, while Ethereum‘s performance has shown a decrease of around 8.3%.
| Asset | 24-hour change | 30-day change | Current price |
|---|---|---|---|
| XRP | -8.05% | -17.55% | $1.20 |
| Ethereum | -8.3% | – | – |
| Bitcoin | – | – | – |
| Solana | – | – | – |
Mini dictionary: OCC (Office of the Comptroller of the Currency): A major US banking regulator responsible for supervising and approving national banks and federal savings associations.
If my XRP ever gets back to break even, I’m selling that junky shit! Shaney Boy’s post quickly echoed the frustration felt by many other holders who are losing patience with the coin’s declining price.
The outcome of US elections impacts regulation prospects
The midterm elections concluded with Democrats securing control of both the House and Senate. Many members of the XRP community have reacted negatively to this result, citing the party’s historical stance and contentious relationship with the wider cryptocurrency sector.
Democratic lawmakers also recently blocked the proposed CLARITY Act, a piece of legislation designed to introduce clear regulatory standards for digital assets. Industry participants viewed the act as a pathway to increased institutional engagement and regulatory certainty. With the Democratic Party retaining its legislative majority, the likelihood of swift, crypto-friendly policy changes has diminished in the near term.
Mini dictionary: CLARITY Act: Proposed US legislation intended to provide explicit regulatory requirements and legal clarity for digital asset projects and investors.
XRP holders voice frustration and doubts
Shaney Boy’s remarks sparked a wave of responses from others in the $XRP community and the broader crypto world. Some commentators pressed him to reveal his break-even level, while others expressed shared disappointment, noting that many investors remain deep underwater on their holdings.
Several replies focused criticism on Bitcoin maximalists, conceding that their skepticism toward XRP now seems justified given its underperformance. In contrast, some holders questioned whether XRP would ever maintain a price above $1 for an extended period. One user argued that global power structures remain opposed to XRP being widely utilized in international trade, which he believes continues to drag on the asset’s prospects.
Market analysts in the space had predicted this steeper slide for XRP. Notably, a prominent industry analyst forecasted in October that the price could fall to $1 by the end of the year. The latest market action brings that prediction close to reality, adding further anxiety among current investors.
The path to regulatory clarity appears blocked for now, and many traders feel boxed in by mounting losses and ongoing legal uncertainty.
