XRPL Developer Bird Explains Why He’ll Take Profits on XRP at $10, $27

TLDR

• XRPL developer Bird plans to take profits on XRP at price points of $10 and $27, aiming to balance crypto wealth with real-life goals.
• Bird’s strategy emphasizes the importance of securing gains after five years in the crypto market, learning from past regrets.
• Some members of the XRPL community question Bird’s profit-taking levels, especially with XRP still below $4 and $10.
• Community figures like Arthur support the idea of taking profits, even while remaining bullish on XRP’s long-term potential.
• Several XRP holders propose strategies such as selling small portions of their holdings while keeping most for the long term.

An XRP Ledger (XRPL) developer, Bird, recently sparked a debate after sharing his plans for taking profits on XRP at price points of $10 and $27. Despite XRP’s current value being far below these targets, his comments generated mixed reactions from the community. While some agreed with his approach, others questioned why profit-taking was being discussed when the price has yet to hit $4 or $10.

XRPL Developer Bird Discusses His Profit-Taking Strategy

Bird shared his thoughts on taking profits from XRP, explaining that he plans to sell portions of his holdings at $10, $27, and higher. He emphasized that his decision was about managing real-life goals like buying a home, caring for family, and building outside of the crypto world. He stated that securing profits is about discipline, not betrayal, as he learned from his past regrets.

“I’ve been in crypto for over five years, and I now realize how important it is to secure some of the gains,” Bird said. His goal is to maintain an XRP position while also turning some of his digital wealth into real-world assets. He expressed that his larger focus was not just watching the price go up but using his wealth to improve his life outside of crypto.

Community Shares Mixed Opinions on Profit-Taking Levels

While Bird’s strategy found support, it also sparked mixed responses from XRP holders. Some members of the community questioned why Bird would sell at $27 when the price hasn’t even reached $10. Others, however, saw his approach as a necessary aspect of risk management, especially in the volatile crypto market.

Arthur, a well-known community figure, endorsed the idea of taking profits, stating that even though he believes XRP could reach $100 in the long run, locking in some gains along the way is wise. “Taking profits at $10 is logical for me, even though I remain bullish on XRP’s future,” Arthur explained. This view aligned with those of other holders who suggested taking small profits while still holding most of their XRP for the long term.

Diversified Approaches to Profit-Taking

Several community members presented their own profit-taking strategies. JRBeast, for example, planned to sell 10% of his XRP holdings at four different price points, maintaining over 60% of his tokens for the long haul. This strategy would allow him to more than triple his initial investment, all while retaining a substantial position in XRP.

Others, like Saint Street, argued that holding 80% of their XRP indefinitely while taking profits on the remaining 20% makes sense. The key is to tailor the approach to individual goals and risk tolerance. Some, like @naivetyisbliss, questioned whether yield-based services could eliminate the need for selling. They suggested that higher price levels, such as $50 or more, might make holding XRP even more appealing for long-term investors.

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