- Doctor Profit pivots from XRP to ETH after securing 600% profit.
- Trader emphasizes move is tactical, not bearish on XRP long-term.
- Ethereum trading at 30% yearly discount while XRP up 342%.
Renowned high-leverage trader Doctor Profit has announced a strategic shift from XRP to Ethereum, revealing he secured a 600% profit on his previous XRP position before making the transition. The trader disclosed his decision through social media, explaining the rationale behind reallocating capital between the two major cryptocurrencies.
Doctor Profit did not provide specific details about his XRP trade structure, though the gains likely stemmed from positions taken during XRP’s rally to $3.40 in January or its more recent move to $2.65. The 600% return suggests either leveraged exposure to spot market movements or precise timing on XRP’s volatile price swings.
With XRP currently trading at $2.38 and showing limited momentum for further upside, Doctor Profit identified this as an opportune time to rotate into Ethereum. His analysis points to ETH’s current 30% yearly discount as an attractive entry point, contrasting with XRP’s 342% annual gain.
Tactical move, not bearish outlook
Doctor Profit emphasized that followers should not interpret his XRP exit as a bearish stance on the asset. He reaffirmed his long-term confidence in XRP’s potential and dismissed concerns about an imminent price collapse.
Addressing growing worries about a possible XRP crash, he stated that “the simple and complicated answers are both a big no.” While acknowledging that XRP may not outperform some rivals in the near term, he maintains belief in the token’s appreciation potential.
The trader explained that his decision centers on capital optimization rather than fundamental concerns. By realizing USD gains and reallocating to what he views as a stronger short-term opportunity, Doctor Profit aims to maximize portfolio growth through tactical positioning.
His analysis shows that Ethereum now offers more short-term growth potential than XRP, even if XRP has strong fundamentals and is still appealing for long-term ownership.
The contrast becomes more apparent when considering yearly performance. XRP’s 343% annual gain compared to Ethereum’s negative yearly position suggests ETH has more room for catch-up growth, especially given XRP’s already substantial 6x surge during this market cycle.
Both assets remain below their all-time highs and continue underperforming Bitcoin, which currently trades in price discovery mode above previous records.
Source: https://thenewscrypto.com/high-leverage-trader-doctor-profit-exits-xrp-for-ethereum-after-600-gain-heres-why/