Renowned Macro Investor Warns Against Including XRP in Your Portfolio! 🚫🔒

A Bold Warning from Jason Pizzino: Exclude XRP from Your Crypto Portfolio

Renowned macro investor Jason Pizzino warns crypto investors against including XRP in their portfolios due to its challenges despite short-term gains.

The Challenges XRP Faces

Pizzino highlights that XRP needs a 2600% return to break even against Bitcoin’s 2017 peak, emphasizing the risk involved in holding this cryptocurrency.

Pizzino warns against including XRP in your crypto portfolio
XRP needs a 2600% return to break even against Bitcoin’s peak

XRP’s Previous Performance and Current Situation

In the previous cycle, XRP saw a 500% gain, but it is now at risk of dropping to the bottom of the SEC lawsuit, with only a 30% margin available.

XRP’s 500% gain in the previous cycle
Risk of dropping to the bottom of the SEC lawsuit with only 30% margin

Considerations for Investors

Pizzino suggests that discussions around XRP might divert attention from more promising projects, urging investors to carefully evaluate the risks of holding XRP in their portfolios.

Distractions caused by discussions about XRP
Importance of assessing risks associated with XRP

XRP’s Struggle Since 2018

Pizzino points out that individuals who invested in XRP since 2018 have faced a negative return after six years, emphasizing the long-term challenges of holding XRP.

Pizzino’s Cautionary Advice

Given the challenges and risks associated with XRP, Pizzino advises investors to be cautious and explore alternative options for a more stable and potentially profitable crypto portfolio.

Current XRP Price Action

XRP is currently trading at $0.62, experiencing a 0.40% decrease in the past 24 hours. While the price is flat, a break above the $0.6293 resistance level could negate the bearish outlook with the next resistance at $0.6685.

Hot Take: Proceed with Caution

Consider Jason Pizzino’s warning seriously and evaluate your crypto portfolio to ensure it aligns with your investment goals and risk tolerance. Excluding XRP may help you avoid potential losses and focus on more promising opportunities in the crypto market.