NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans

Holding Ripple’s XRP is “Not an Effective Strategy,” Argues Top Analyst

Yashu Gola
Yashu Gola
1 year ago
2 mins read
xrp bitcoin xrpbtc, xrpusd, xrpusdt, ripple

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

  • XRP, the underlying token of the Ripple’s flagship blockchain, is not a practical cryptocurrency for holding, said a top market analyst.
  • The statements appeared in the wake of XRP’s dismissive performance in 2020 against its better-performing rivals, such as bitcoin.
  • The analyst said the Ripple token could fall by another 50 percent before it pursues a retracement price rally.

Holding XRP is not an effective strategy, says a top cryptocurrency analyst.

The Ripple blockchain’s native asset is down by more than 91 percent from its all-time high, explained the pseudonymous trader, adding that it could fall by another 50 percent from its current levels. He took his cues from a pre-2017 fractal that recorded XRP slipping by almost 95 percent from its then-local top.

 

xrpbtc, xrpusd, xrpusdt, ripple
XRPBTC performance since 2015 | Source: Ethereum Jack

While each of XRP’s top rival was trading lower from its respective all-time high, the Ripple token so far showed the worst recovery. For instance, in dollar terms, bitcoin as on June 3 was trading 52.13 percent below its all-time high of $20,000. In comparison, XRP was down by 94 percent.

“Clearly, the chart shows that hodling XRP is not an effective strategy,” said the analyst. “I don’t know how anyone can argue about that. Buying when the market resets after a long deep retrace and shows strength has been a good strategy but you have to sell it.”

XRP/BTC Targets

The trader suggested two outcomes out of the XRP’s ongoing trend. First, the coin could blow off its weekly top above 2,300 sats and confirm an upward price rally. Second, it could continue falling lower until it completes a 95 percent retrace from its all-time high of 23,924 sats.

“Until then,” he added, “who knows what can happen, currently down 91% since ATH but has seen 95% drops before, which is close to another 50% dropdown. So move slow.”

Both the cases pointed to a potential pullback on the XRP/BTC charts. The pair is now trading near its worst levels since December 2017. While that could mean that XRP/BTC is bottoming out anytime, it nevertheless exposes XRP as a weaker cryptocurrency than its top rival Bitcoin.

What’s Next for XRP

In comparison, XRP is faring better in the dollar-pegged markets. At 5.66 percent YTD gains, the Ripple token is trading higher but remains stuck under strict resistance areas, such as the one shown in the chart below.

xrpbtc, xrpusd, xrpusdt, ripple
XRPUSD has surged by more than 100 percent since March 2020 | Source: TradingView.com, BitStamp

XRP/USD is testing its 200-daily moving average (orange) for an initial breakout towards $0.226. Meanwhile, its upside bias is receiving support from a rising trendline (black). The fractal is similar to that of Bitcoin, showing that XRP may be just tailing the top crypto’s gains.

Holding XRP in dollar-terms has returned great profits since March 2020. But given the cryptocurrency’s underlying investment risks, such as a class-action lawsuit alleging it is a security token, could undermine investors’ bullish sentiment.

Tweet123Share207ShareSend
Yashu Gola
Yashu Gola

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN.

Read more

Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.

Close

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

stellar xlm xlmusd

Stellar (XLM) Shows Signs of Strength: Analysts See $0.5 Target in Play

Stellar (XLM) is showing signs of resilience after weeks of consolidation, with the cryptocurrency defending the crucial $0.37 horizontal support...

James Halver 2 hours ago
XRP Price Recovery Stalls

XRP Price Recovery Stalls – Traders Watching If Bulls Can Overcome Resistance

XRP price attempted a recovery wave above the $2.850 zone. The price is now struggling to clear $3.00 and might...

Aayush Jindal 3 hours ago

Bitcoin Funding Dynamics Shift As Binance Premium Signals Aggressive Longs

As Bitcoin (BTC) continues to remain range-bound between $110,000 – $115,000, data from crypto exchanges seems divided toward the leading...

Ash Tiwari 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Crypto

All-Time Highs For Gold, S&P500; Crypto Stands Alone In The Red – What’s The Root Cause?

Ronaldo Marquez 32 minutes ago
Bitcoin

Bitcoin HODLers Booked $120 Million In Profits During Price Crash: Data

Keshav Verma 1 hour ago
Dogecoin (DOGE) Dips

Dogecoin (DOGE) Struggles Again – Is Market Preparing For Another Sharp Drop?

Aayush Jindal 2 hours ago

Premium Sponsors

Press Releases

  • Aster na Binance vystrelil o 1800 % za týždeň napriek krachu trhu: Bude ďalším Bitcoin Hyper?

    Aster na Binance vystrelil o 1800 % za týždeň napriek...

    9 hours ago
  • Kryptomenové pokladničné zásoby sa prepadli, keď sa obchodníci presúvajú k bezpečnejším krypto predpredajom ako PEPENODE

    Kryptomenové pokladničné zásoby sa prepadli, keď sa...

    9 hours ago
  • Aster z Binance rośnie o 1800% w tydzień pomimo spadku na rynku: Czy Bitcoin Hyper będzie następny?

    Aster z Binance rośnie o 1800% w tydzień pomimo spadku na...

    12 hours ago
  • A kincstári kriptovaluta-részvények hanyatlása, miközben a kereskedők biztonságosabb kriptovaluta előértékesítések felé fordulnak, mint például a PEPENODE

    A kincstári kriptovaluta-részvények hanyatlása...

    12 hours ago
  • Aster z Binance rośnie o 1800% w tydzień pomimo spadku na rynku: Czy Bitcoin Hyper będzie następny?

    Aster z Binance rośnie o 1800% w tydzień pomimo spadku na...

    12 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.