A closely watched cryptocurrency strategist said payments platform XRP has significantly underperformed over the past six years.
Analyst Jason Pizzino told his 100,600 followers on social media platform X: held Most investments in the XRP stack since 2018 have had negative returns.
According to the analyst, XRP could witness an uptick during this bull market cycle, but so can Bitcoin (BTC) and other altcoins.
This trader looks at the XRP to Bitcoin ratio (XRP/BTC) and details his bearish stance on the No. 7 cryptocurrency. Pizzino said the currency pair appears to be on a continued downward trend and is in danger of breaking the low it hit before payments company Ripple won its lawsuit against the US Securities and Exchange Commission (SEC). emphasized.
“Even if we push this cycle higher, XRP will have to break even on Bitcoin value by more than 2,600% from its 2017 peak.
It hit 500% last cycle and is now at risk of breaking the SEC litigation floor. 30% left. The only advantage for influencers talking about XRP is that there is still a huge audience that wants to hear about the project and the hopeful price projects that will never come to fruition.
Below are just graphs, data, and facts. If you buy, you are at your own risk. ”
At the time of writing, XRP/BTC is trading at 0.00000982 BTC ($0.71).
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