Long-Term XRP Holder Threatens to Sell Holdings If Price Falls to $2
Influencer Crypto Bitlord, a ten-year XRP holder, warns he will liquidate his entire XRP position if the price revisits $2. XRP recently slid to $2.82 amid a broader crypto sell-off. Bitlord cites an unmet $100 target and criticizes Ripple’s slow adoption efforts. His ultimatum sparks debate in the XRP community, with some viewing a $2 drop as a buying opportunity while others caution against overreliance on long-term price forecasts. The incident underscores growing impatience among early XRP investors as the token struggles to sustain momentum.
Bearish
Bitlord’s public ultimatum introduces bearish sentiment by signaling a potential large-scale sell-off if XRP retraces to $2. Historically, warnings from major holders—such as in early 2018—have spurred short-term price declines as market participants anticipate forced liquidation. In the short term, this announcement may pressure XRP as traders adjust positions to avoid being caught on the wrong side of a sell wave. Over the long term, the threat underlines skepticism about XRP’s growth prospects, potentially dampening investor confidence and delaying any sustained recovery unless Ripple accelerates adoption.