Brad Garlinghouse says XRP sell-off offers opportunity
Ripple CEO Brad Garlinghouse urged XRP holders to look beyond the market turmoil after the token logged one of its worst single-day drops, using a well-known Warren Buffett maxim to frame the sell-off as an opportunity rather than a turning point.
Late Thursday, as losses accelerated, Garlinghouse posted on X: "My favorite Warren Buffett quote," adding, "'Be fearful when others are greedy, and greedy when others are fearful!'" The line is widely associated with Buffett’s long-running contrarian philosophy, often traced to Berkshire Hathaway shareholder communications from the mid-1980s, U.Today reports.
XRP underperforms as slide threatens its ranking
Garlinghouse’s message landed as XRP stood out as an underperformer in the broader cryptocurrency market downturn. The token emerged as the worst performer among the top 100 cryptocurrencies during the current correction.
According to market data, XRP was trading nearly 70% below its record high of $3.65, underscoring the scale of losses for holders who bought the cryptocurrency near the peak. The decline also carries a symbolic risk for Ripple’s flagship token, as the sell-off has pushed XRP to the brink of falling behind Circle’s USDC stablecoin by market capitalization, potentially reshaping one of the industry’s most closely watched rankings.
At the time of publication, XRP was trading at $1.29, up 6.85% over the past 24 hours, but still down 43.74% on a monthly basis.
“Extreme” fear gauge signals risk-off mood
Sentiment indicators underscore the stress behind the move. On Friday, the Crypto Fear and Greed Index fell to 9, a level described as exceptionally rare, previously seen during the March 2020 crash and around 2018 and 2022 bear-market bottoms.
Such readings typically reflect capitulation dynamics—panic selling, a sharp shift into risk-off positioning, and heightened sensitivity to further downside. Markets in this state can remain volatile, with sharp rebounds and renewed sell-offs often driven by liquidity rather than fundamentals.
Read also: Bitcoin climbs back above $66,000 after testing $60,000 support
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