Pundit Says Disregard Advice to Sell XRP Prematurely

Vandell Aljarrah, co-founder of Black Swan Capitalist, has urged XRP holders to disregard voices encouraging them to sell their holdings amid XRP’s underperformance.

Vandell expressed this sentiment in a recent post on X to counter the view of Joshua Jake, the host of the Discover Crypto channel, who urged XRP holders to sell their tokens.

Calls to Dump XRP

Jake made the bold call recently, urging XRP holders to consider other performing altcoins or risk missing out on this cycle’s bull run. He reached this conclusion after weighing XRP’s 90-day trajectory alongside Bitcoin and other crypto assets.

Citing data from CoinMarketCap, Jake pointed out that Bitcoin and Ethereum have increased by over 63% in the last three months. Similarly, BNB and Solana have grown by 99.75% and 78.92%, respectively, during the same period.

In contrast, XRP has only appreciated by a paltry 5.29% over the last 90 days when its closest rivals have witnessed near double-digit gains.

Amid this disparity, Jake charged investors to sell their XRP though emphasizing that his view should not be construed as financial advice.

The commentator explained that it is pointless to hold XRP when its performance has become reflective of a stablecoin in a bull market. Moreover, Jake stressed that the widespread claims of XRP going to $10,000 are far-fetched aspirations with no reality attached.

Furthermore, he argued that the outlook of XRP replacing the global financial system will remain unrealized, stressing that “XRP is not the new gold.”

Additionally, Jake claimed XRP holders will be lucky to witness a $2 per XRP this bull season. Accordingly, he urged them to part ways with XRP and bag emerging digital assets commanding considerable demand.

Experts Disagree

Meanwhile, Vandell, one of the founders of Black Swan Capitalist, disagreed with Jake’s view. He urged XRP enthusiasts to disregard the message and avoid offloading their holdings prematurely.

Vandell emphasized that the crypto space is still in the early phase of this cycle’s bull market. He stressed that the altcoin season has yet to kick in and that the Bitcoin halving is still a few weeks away.

“Understanding market cycles is essential for prudent investment decisions. We haven’t even started. The peak will be from 2024 to 2025,” Vandell remarked.

Disregard advice to sell XRP prematurely. We’re at the onset of a bullish cycle, with the altcoin season yet to peak & the Bitcoin halving ahead. Understanding market cycles is essential for prudent investment decisions. We haven’t even started. The peak will be from 2024 to 2025

— Vandell | Black Swan Capitalist (@vandell33) March 26, 2024

Similarly, Edward Farina, Head of Social Adoption at XRP Healthcare, remarked that Jake’s negative call about XRP indicates insufficient knowledge about XRP and its potential.

Despite the growing apprehensions towards XRP, The Crypto Basic recently uncovered that XRP’s seven-year performance is consistent with those of Bitcoin and Ethereum, which have all witnessed growth exceeding 6,800% since 2017.

SOURCE

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