Expert Macro Investor Advises Against Including XRP in Your Cryptocurrency Portfolios
Article Rewritten:
Popular macro investor Jason Pizzino issues a bold warning, advising investors to steer clear of including XRP in their cryptocurrency portfolios. Despite experiencing a 500% gain in the previous cycle, XRP is currently vulnerable and hovers just 30% away from its lowest point due to the SEC lawsuit. At present, XRP maintains a value of $0.62, with a slight decrease of 0.40%. It has been trading sideways since reaching its peak in 2024.
Jason Pizzino, a renowned macro investor, is sounding a clear alarm for cryptocurrency investors, advising them against including XRP in their portfolios. Despite short-term gains, XRP faces significant challenges, primarily struggling to surpass its high of $3.40 in 2017.
Is XRP a risky choice for your crypto portfolio? Continue reading to find out.
Pizzino’s analysis reveals a daunting reality for XRP, as it would need a substantial 2600% return to match Bitcoin’s peak in 2017. While XRP experienced a 500% gain in the previous cycle, it now faces vulnerability due to the ongoing SEC lawsuit, with only 30% of its value remaining.
$XRP should never be a part of your #crypto portfolio. Even if it experiences a surge this cycle, XRP would need to increase by over 2600% to reach the value of Bitcoin at its peak in 2017. In the previous cycle, it managed a 500% gain and is now at risk of falling below the SEC Lawsuit low, with just 30% to spare.
The only advantage to…
pic.twitter.com/ddLUf7fQQF
— Jason Pizzino (@jasonpizzino)
March 11, 2024
Pizzino doesn’t stop at presenting statistics; he also highlights how discussions about XRP can divert attention from other promising projects, potentially causing investors to overlook inherent dangers. He urges individuals to adopt a broader perspective.
Armed with data, charts, and facts, Pizzino leaves the decision to individual investors, encouraging them to carefully assess the risks associated with holding XRP.
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Six-Year Setback: A Long-Term Outlook
Pizzino draws attention to the sobering fact that individuals who invested in XRP since 2018 have experienced negative returns after six years. This serves as a reality check, prompting caution.
In a provocative tone, Pizzino compares the performance of XRP holders unfavorably to Bitcoin critic Peter Schiff.
Pizzino asserts that XRP’s challenges are not unique; similar dynamics apply to Bitcoin and various altcoins during bull markets. This warning is not solely directed at one cryptocurrency; it is a call to understand the broader market.
This thought-provoking analysis highlights the challenges and risks associated with holding XRP, prompting Pizzino to advise investors to exercise caution and explore alternative options for building a more stable and potentially profitable cryptocurrency portfolio.
XRP Price Movement
Currently, XRP is trading at $0.62, experiencing a slight decrease of 0.40% in the last 24 hours. Although it reached its peak in 2024 on March 5th, Pizzino suggests that surpassing the $0.6293 level, which represents a 78.6% Fibonacci retracement, could challenge the bearish outlook. The next significant obstacle is the 2024 high at $0.6685.
Read More:
Will XRP Hit $1 This Year? Experts Predict Price Jump Post Ripple’s Legal Win
Has this analysis changed your perspective on XRP? We want to hear from you!