In a video released on YouTube, Armstrong brought to light an intriguing perspective on XRP, one of the most discussed cryptocurrencies in the current scenario. He argues that despite a performance that many consider underwhelming, selling XRP now may be a hasty decision.
Armstrong addresses the fact that XRP was unable to sustain bullish momentum following a victory in a significant legal dispute. He attributes this inability to maintain gains not to XRP’s inherent flaws, but to general market conditions that have suppressed the potential of many cryptocurrencies.
Rebutting criticisms that compare XRP to other cryptos, such as Solana (SOL) and Avalanche (AVAX), which have recorded impressive gains, Armstrong points to the example of Ethereum. According to him, Ethereum has also faced a late start in previous cycles, suggesting that XRP may be on a similar trajectory.
$XRP will start moving in the next 3-4 weeks. Pack your bags bois it’s about go-time
— Ben Armstrong (@BenArmstrongsX) December 27, 2023
For Armstrong, the real financial loss comes from impulsive decisions, not market trends. He cites the example of investors who abandoned XRP just before significant increases in value, missing out on profitable opportunities. His message is clear: XRP investors should avoid hasty decisions and consider short-term volatility as part of the nature of the cryptocurrency market.
In his remarks, Armstrong also provides optimistic advice for XRP holders. He suggests taking advantage of any price dips to increase holdings, indicating that XRP is ready for a significant move before the end of January 2024. In his own words, “XRP will start moving in the next 3-4 weeks. Pack your bags, boys. It’s time to go.”
At the time of publication, the price of XRP was quoted at $0.623171 in the last 24 hours.
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading cryptocurrencies carries a risk of financial loss.