Crypto Strategist Issues Warning to XRP Holders, Says the Altcoin at Risk of Breaking Psychological Price Level

Crypto strategist Jason Pizzino has issued a warning to XRP holders, stating that the altcoin is at risk of breaking a psychological price level. Pizzino highlights that XRP has been underperforming for the past six years, leading to negative returns for those who have been holding the coin since 2018. He notes that while XRP may experience rallies during this bull market cycle, other cryptocurrencies like Bitcoin and altcoins also see similar price movements. Pizzino’s bearish stance on XRP is based on the XRP/BTC ratio, which is currently in a sustained downtrend and is close to breaking its previous lows recorded before Ripple won its legal battle against the SEC. He points out that even if XRP pumps in this cycle, it would need to increase by over 2,600% to reach its value from the 2017 peak against Bitcoin. In the last cycle, it managed a 500% increase but is now just 30% away from breaking the SEC Lawsuit low. Pizzino emphasizes that his analysis is based on pure charts, data, and facts, and warns potential buyers that the risk is on them if they choose to invest in XRP. As of now, XRP/BTC is trading at 0.00000982 BTC ($0.71).