Famous crypto strategist Jason Pizzino, payment platform XRP He stated that the price has generally underperformed in the last six years. According to the analyst, most of those holding the asset have experienced negative returns since 2018.
Jason Pizzino told his 100,600 followers on the social media platform that XRP may witness rallies during the bull market cycle but so do Bitcoin and other altcoins. stated.
$XRP does not belong in your #crypto portfolio, ever. Even if it pumps this cycle, XRP must do over 2600% to break even against #Bitcoin value from 2017 peak.
Last cycle it managed 500% and is now at risk of breaking the SEC Lawsuit low; just 30% away.
The only benefit to… pic.twitter.com/ddLUf7fQQFNEWS CONTINUES BELOW— Jason Pizzino 🌞 (@jasonpizzino) March 11, 2024
The strategist details the bearish trend in the crypto world by evaluating the XRP/BTC pair. Pizzino emphasizes that this pair is in a persistent downtrend and is at risk of breaking the lows recorded before payment firm Ripple won its lawsuit against the US Securities and Exchange Commission (SEC).
“Even a potential bull cycle would mean that XRP would need to rise more than 2,600% from its 2017 peak against the value of Bitcoin.
It has achieved a 500% success rate in the past cycle and is now at risk of breaking the SEC Litigation low: just 30% away. The only thing that is talked about about XRP is that there is still a large audience who hold out hope for the project and want to hear price predictions that never come true.
Below are just pure charts, data and facts. “Those who wish to purchase should know that they do so at their own risk.”
At the time of writing, the XRP/BTC pair was trading at 0.00000982 BTC ($0.71).
