Macro Investor Says You Should Not Invest in XRP

A strong warning has been issued by Jason Pizzino, famous macro investor. He says crypto portfolios should not contain Ripple coin XRP.

XRP has been bullish through much of February, but the coin is actually much lower than where it was in November of last year. Late fall of 2023 was a crucial time for the cryptocurrency market, with many crypto coins showing long term bullish trends from that point. Not so with XRP, which has dipped extremely low since then and still has not recovered to its late 2023 levels.

XRP is also well below the high point of last year of $0.8206 and is currently sitting at $0.62 (XRP/USD).

XRP did manage to gain 500% in its last cycle, but it is not in a strong position at the moment. The current XRP price is quite low from a historical standpoint, when you look at XRP’s lifespan. It is sitting in the troughs and may have trouble getting back to a point where current investors can reap substantial profits.

What to Expect from XRP?

While much of the crypto market is going bullish at the moment, XRP is less so. Over the last week, XRP has dropped 5.86%, while Bitcoin has gained 9.42%. As many other cryptos are gaining ground thanks to Bitcoin, XRP is barely keeping its head above the water for now. It is worth considering if it might not be the best long-term investment.

XRP has been having a tough time just trying to break even. Several crypto coins are positioned where they could shoot up quickly in the near future, but XRP does not look to be in that position, judging by its recent performance and its long-term performance.

This token does offer some surprises, though. It earned 19% for the last 30 days, and its current bearish week could be a temporary fluke that will be overcome in the next few days. Watch for indicators that it might shoot up, including Bitcoin’s continued bullishness, the inflation rate, and the upcoming Consumer Price Index reports for Tuesday.