The cryptocurrency sphere is witnessing a sustained upward movement, with Bitcoin at the forefront. In this context, a prominent crypto expert, Jason Pizzino, has analyzed Ripple‘s XRP and its persistent struggle in the market over the past six years. Pizzino’s assessment suggests that XRP might continue to underperform compared to its counterparts.
XRP’s Comparative Market Analysis
Pizzino, with his significant online following, has aired his concerns regarding XRP’s inability to deliver positive returns for its holders since 2018. His evaluation of XRP’s market performance, particularly against Bitcoin, predicts further potential decline. Pizzino has identified the XRP/BTC pair’s consistent downtrend and anticipates a drop of as much as 30%.
Highlighting the impact of XRP’s ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC) since 2020, Pizzino points out this as a key factor preventing XRP’s value recovery. The legal entanglements appear to cast a long shadow over the altcoin’s future prospects.
What Investors Should Consider
Despite the possibility of short-term gains within the current bullish market trend, Pizzino warns about various impediments to XRP’s price surge. He emphasizes the investment risks associated with XRP, citing regulatory uncertainties and the potential for additional legal complications.
Pizzino’s insights serve as a caution to investors eyeing XRP, underscoring the necessity for careful research and a well-informed approach. He recommends that investors should base their decisions on concrete data and market analysis, rather than speculative sentiment or high-profile endorsements.