<ul><li>Finance expert Gary Cardone sold his XRP positions, citing unclear supply/demand dynamics, skepticism toward the Ripple community, and other reasons.</li><li>Cardone mentioned six reasons for selling XRP holdings, including his lack of understanding of the asset's supply/demand dynamics and concerns about an ecosystem full of people who focus on price rather than value.</li><li>Despite Cardone's concerns, the approval of a spot XRP ETF in the US and positive developments in the Ripple-SEC lawsuit could lead to potential upside for XRP's price.</li><li>Companies like Grayscale, Bitwise, and 21Shares are competing to launch the first US spot XRP ETF, and the SEC is expected to make a final decision on the matter by October 18. Additionally, the potential resolution of the Ripple-SEC lawsuit may favor the company.</li></ul>

6 Reasons Why This Finance Expert Dumped His Ripple (XRP) Holdings

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