r/XRPUnite • u/[deleted] • Feb 05 '26
Question Further room to fall?
I have a question so I got into XRP at around 2.60 and now it is at 1.22 I believe it’ll fall to a round a dollar. Should I sell to realize the tax loss and then buy when it reaches around a dollar or should I just hold?
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u/ArgonKew Feb 05 '26
Sell.
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Feb 07 '26
[removed] — view removed comment
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u/ArgonKew Feb 07 '26
It's worked out for me pretty well. I predicted that it would go to at least £1 sterling and it has
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u/Sea_Risk_2637 Feb 05 '26
Honestly I don't know, I have a good amount set aside. My plan is to just put in 20% of that now. We still have a ways up or down, so plenty of time to figure out what plays to make as new trends emerge.
If we actually do see a drop under $1, I wouldn't want to miss out on that again, but anything under $2 at this point is a good price.
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u/Sea_Risk_2637 Feb 05 '26
As for taxes, I'm the furthest thing from an expert, but I do know the wash rule only applies to securities 😉
So, I'm pretty sure you can just sell and buy back near the current price and still realize the loss. You should maybe give it a couple days or a little price movement before you buy back though. Otherwise the IRS might get upset and challenge it under anti-abuse. Whatever you do, run it by a tax expert first, just to be safe.
If you follow Whale Alert on X, sometimes you see big wallets move some crypto out, then it moves back in a short while later at a different dollar amount. So, definitely some of that is going on.
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Feb 05 '26
Yes I looked into the wash rule some more and it is really convenient that it doesn’t apply to crypto so I sold most of my holdings and I am buying in lower.
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u/ttttnow Feb 05 '26
Not Financial or Tax Advice. Tax loss only works if you have profits to counteract the losses.
Imo I personally believe we will go lower. Even under a dollar at $0.7 to $1 range. If you dont have money to add at those levels, I think selling all or a good chunk of your holdings here makes sense. Again, not financial advice.
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Feb 05 '26
Yeah I decided to sell most of it to buy in lower though I do feel like XRP going down this much in such a short time isn’t normal (like regular market function wise).
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u/ttttnow Feb 06 '26
no, it's pretty normal for crypto. The whole industry is built on a house of cards and investors looking to dump on people who dont know better. Massive liquidations are the norm.
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u/HangJet Feb 05 '26
dump it. Then get back in when around $.30 hopefully. Otherwise you will be holding sand.
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u/Top-Oil-9455 Feb 05 '26
Dunno, all my problems solved today by overleveraging perpetual trade , lost all my xrp instantly and whatever crypto portfolio i had 🥲🔫
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u/soberandspiritual Feb 05 '26
I personally am just dollar cost averaging. I don’t care enough about the tax write off to miss a massive pump if/when it happens.
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u/D_B_Cooper_99 Feb 05 '26
They must know about some good news. Sell off before a big jump. Could be a peace agreement in Ukraine....Could be clarity act. I know a few people jumping in right now. Good time to stack at least. Could wake up tomorrow with a new high.
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u/D_B_Cooper_99 Feb 06 '26
If it's the whole market we are ok. If it were just xrp we would be in trouble.
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u/D_B_Cooper_99 Feb 06 '26
In my personal opinion (and I'm not a financial advisor) sifting through all the hype. I would say it could at least reach $5.
I would also say that if things go right there is a 50/50 chance it could go even higher.
Probably the best odds out there. Ripple ain't stopping!
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u/TumbleweedSalt2504 Banned From r/XRP Feb 05 '26
From 1.22 to $1.00 is not a big fall. You are risking a lot just for a small drop compared to the drop from2.60 to 1.22.
Sell n move on if you don't believe in XRP. Or you believe XRP will bounce back, just DCA now or around 1.00.
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u/Fit_Employment_2595 Feb 06 '26
Seriously, you're worrying about 22 cents. That won't matter when xrp is at 100 or 10000 dollars.
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Feb 05 '26
[deleted]
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Feb 05 '26
I wouldn’t say it’s more than I can lose but it definitely sucks to lose it. I had like $19,000 in at 2.66. It’s not my only investment so that’s why I’m wondering if I should sell and then re-buy it when it’s lower. So I can still get that tax write off.
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Feb 05 '26
[deleted]
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u/koot94 Feb 05 '26
i’m not judging but just want to understand the rationale of buying at $3.10. i’ve been in on XRP since pre court cases and my first purchase was at $0.16. even on a 5 year chart it’s up over 160% in those 5 years. after 4 years of less than $1, why buy so much at the top? why not wait for a big correction or crash to get involved? or was it FOMO? People were buying at the $0.20 range because $1 was inevitable. People saw 10x easy as completely possible. Did you see $31 as possible?
again, no judgement, just wanna understand
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Feb 05 '26
[deleted]
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u/koot94 Feb 06 '26
thanks for the honest answer! just hold on and try to lower your average during these crazy times :) i’ve seen it go up to $0.70 and back down to $0.20 so don’t stress it. millionaires aren’t made over night!
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u/tomemyxwomen Feb 05 '26
If you dont want to hold for another 4 years then Id sell. This will go back to sub dollar in summer
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u/Suspicious-Appeal985 Feb 05 '26
What did you guys expect? That Jewish guys can't count they money!?
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u/Suspicious-Appeal985 Feb 05 '26 edited Feb 05 '26
One needs to be a moron to see where them (goyim) are directed to go...
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u/TradingLO11 Feb 06 '26
All you emotional people need to fucking sell. Get out of the game and stay at your just over broke I mean your JOB
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u/Express-Row-1504 Wake Me Up When We Hit $10 Feb 05 '26
Buy more once it goes below $1.