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Crypto Prune > News > Crypto > Ethereum > Crypto Trader dumps XRP Holdings for Ethereum, explains why
Ethereum

Crypto Trader dumps XRP Holdings for Ethereum, explains why

7 months ago 4 Min Read
A reliable editorial Content reviewed by industry experts and veteran editors. Advertising disclosure

The prominent crypto trader on the X (formerly Twitter) platform has made waves on social media after revealing that he has sold all of his XRP holdings to buy Ethereum. Traders known on social media as doctors’ profits have revealed this to more than 400,000 followers on the platform.

XRP buys Ethereum with 600% profit

Doctors’ Interests first revealed its intention to begin selling XRP Stash on May 19th. In this first post, he revealed that all of his XRPs were purchased at a very low price for $0.2 to $0.5, and his entries were very low. At the current prices at the time, Crypto Trader was sitting at a profit of about 608% at this point.

This was when he told his followers he was going to start selling his XRP investments after holding them for three years. He further explained that he only sells XRP, and does not sell other cryptocurrencies or Bitcoin. Rather, he sold it for much cheaper prices so that he could buy it later.

Then, in a follow-up post on May 20, Doctor Profit ultimately revealed his full plan when it came to selling XRP. Apparently, Crypto Trader had decided to throw away all of his XRP in order to buy Ethereum. This is because doctors believe that Ethereum prices could increase significantly in the short term.

As for XRP, he explained that selling his stash doesn’t mean he was expecting XRP prices to crash. Rather, it was a more long-term investment, as retaining XRP was meaningless in the short term. Therefore, he plans to take the benefits he earns from his Ethereum investments and reinvest them later when a good entry is presented. For now, however, the doctor’s profits have confirmed that all profits from his XRP investment over the past three years have now been transferred to Ethereum.

See also  The Ethereum (ETH) bull hit a brick wall called the $2,800 resistance level

The market bullish outlook remains

During the decline that plagued the crypto market from January to March 2025, doctors’ profits were one of the analysts who struck a price bottom when Bitcoin fell to $77,000. From there, analysts called for Bitcoin to rebound over $100,000, claiming a new all-time high could be. So far, his $100,000 forecast has been successful, and the highest ever forecast has been completed after Bitcoin violated $109,300 on Wednesday.

In the case of Ethereum, analyst bullish papers have been around for some time. He previously called Ethereum the best opportunity as it was bullish in technical, chain and psychological indicators. He believes Ethereum prices could rise to $7,600, with many liquidity pooling around $4,000.

Ethereum price chart from tradingview.com (xrp)
Eth Bulls pushes over $2,600 | Source: eathusdt on tradingView.com

Featured Images of Dall.E, Charts on tradingView.com

Editing process Bitconists focus on delivering thorough research, accurate and unbiased content. We support strict sourcing standards, and each page receives a hard-working review by a team of top technology experts and veteran editors. This process ensures the integrity, relevance and value of your readers’ content.

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