Popular YouTuber Tim Warren has begun liquidating his XRP portfolio, citing three major concerns with the blockchain project.

The price of XRP has underperformed relative to other major crypto assets in the past few months. While analysts continue to predict an imminent breakout and the XRP community continues to exercise patience, a few former XRP faithfuls are already giving up on the project.

Famous YouTuber Tim Warren is one among such previous XRP devotees. In a recent video, the former XRP enthusiast revealed three core reasons why he is liquidating his position in XRP. 

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Notably, Warren suggested that he will largely minimize his exposure to the cryptocurrency and will not ‘abandon it completely.’ He still believes there’s a chance that XRP will bounce back in the short term, although he remains bearish on the asset’s long-term prospects.

Three Reasons for Selling XRP

In the Tim Warren video, which has garnered over 38,000 views on X, the first reason why investors should consider selling XRP is because the cryptocurrency is losing an important race.

He outlined that XRP was previously viewed as the “banker’s coin” and looked set to be the rail for the banking system and institutional money flowing in the crypto space.

However, he argued that XRP is already losing this position to other projects like Chainlink, which already boasts a partnership with SWIFT and institutions managing over $600 billion in assets.