2024

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<p>The post <a href="https://coinpedia.org/news/keep-xrp-out-of-your-crypto-portfolios-says-renowned-macro-investor/">Keep XRP Out of Your Crypto Portfolios, Says Renowned Macro Investor</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Renowned macro investor Jason Pizzino has issued a bold warning to cryptocurrency investors, advising them not to include XRP in their crypto portfolios. Pizzino points out that, despite the short-term gains, $XRP continues to face significant challenges above its 2017 high of $3.40.</p> 
<h2 class="wp-block-heading" id="h-a-nbsp-clear-warning-on-xrp">A&nbsp; Clear Warning on XRP</h2> 
<p>According to Pizzino’s analysis, XRP faces a big challenge, seeking to make a ridiculous 2600% return to break even against Bitcoin’s 2017 peak.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> does not belong in your <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw">#crypto</a> portfolio, ever. Even if it pumps this cycle, XRP must do over 2600% to break even against <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> value from 2017 peak.<br><br>Last cycle it managed 500% and is now at risk of breaking the SEC Lawsuit low; just 30% away.<br>The only benefit to… <a href="https://t.co/ddLUf7fQQF">pic.twitter.com/ddLUf7fQQF</a></p>— Jason Pizzino 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f31e.png" alt="🌞" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@jasonpizzino) <a href="https://twitter.com/jasonpizzino/status/1766985263509819661?ref_src=twsrc%5Etfw">March 11, 2024</a>
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<p>Pizzino pointed out that XRP managed a 500% gain in the previous cycle but is now vulnerable to falling to the bottom of the overall SEC lawsuit, with only 30% available.</p> 
<p>Pizzino’s caution goes beyond just the statistics. He then also points out that discussions about <a href="https://coinpedia.org/press-release/xrp-price-breaks-out-best-memecoin-option-for-100x-doge-pepe-wif-or-gfox/">XRP can distract</a> more audiences from an ongoing project,&nbsp; likely overlooking the inherent dangers.</p> 
<p>Backed by data, charts, and facts, Pizzino leaves the decision up to individual investors, urging them to carefully assess the risks associated with holding $XRP in their portfolios.</p> 
<h2 class="wp-block-heading" id="h-xrp-s-struggle-since-2018">$XRP’s Struggle Since 2018</h2> 
<p>Examining a long-term view, Pizzino <a href="https://coinpedia.org/crypto-live-news/xrp-among-the-39-worst-performing-assets-of-top-100/">drew attention to the fact</a> that many folks who invested in XRP since 2018 have faced a negative return after 6 years.</p> 
<p>Meanwhile, in a taunting tone, Pizzino stated that, presently, the overall performance of XRP holders is worse than that of Bitcoin critic Peter Schiff.</p> 
<p>Although XRP may additionally see upward movements at some point in bull markets, Pizzino signifies that this holds for Bitcoin and various altcoins as well.&nbsp;</p> 
<h3 class="wp-block-heading" id="h-pizzino-s-cautionary-advice-nbsp">Pizzino’s Cautionary Advice&nbsp;</h3> 
<p>This eye-opening 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.</p> 
<h2 class="wp-block-heading" id="h-xrp-price-action">XRP Price Action</h2> 
<p>Currently, <a href="https://markets.coinpedia.org/xrp/">XRP is trading at $0.62</a> after a decrease of 0.40% in the last 24 hours. Although the current XRP price is trading sideways as it reached its 2024 peak on March 5th.</p> 
<p>Meanwhile, closing the daily candle above the $0.6293, 78.6% Fibonacci retracement level could invalidate the bearish thesis for XRP. The next major resistance is the high in 2024 at $0.6685.</p>

Keep XRP Out of Your Crypto Portfolios, Says Renowned Macro Investor

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