Should You Buy XRP Now?

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Market Overview

Bitcoin is hovering around $95k doing it’s thing.

Bull market is still in full swing.

Valuation indicators have mostly reset.

We WILL hit $100k. So to derisk now would be pointless.

BUT….

The most interesting thing is the CRASH of Bitcoin Dominance.

This just means more of the money is flowing into altcoins.

Which technically means it’s altseason.

Which is usually a sign the Bitcoin bull run is near an end.

Especially more so now that dinosaur coins like XRP and ADA are pumping hard.

That’s not to say the bull run is ending, because we have ways to go. But these are signs.

SO….

Should You Buy XRP?

Before regretting not buying XRP or patting yourself on the back for holding XRP, you have to consider this.

Yes XRP went up 450% in 1 month.

Yes.

But it’s also a coin that’s been going sideways for YEARS with occasional 70% pumps along the way that always get fully retraced.

So from a technical standpoint, being allocated to XRP despite this non-trending nature would not be sound investing.

Additionally, most holders of XRP….

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CONTINUE…

Additionally, most holders of XRP have bought either at the top of the 2017 bull market or at the top of the 2021 bull market in April.

Either way, holders are barely or not even in profit. And they’ve had to sit through dozens of MONTHS of lengthy drawdown.

So is this pump really a win?

The goal of being a smart investor is that you can make money without relying on luck, hopes, or prayers.

ALSO…

Just look at the XRP/BTC chart.

Under what scenario would you look at this and determine XRP is the favorable asset?

When in doubt ZOOM out.

XRP is a dinosaur coin. Ripple people are having a field day but it’s very very unlikely that it will last.

It might not go all the way down to pre-election levels now that the lawsuit with the SEC is nearing a resolution with the new pro-crypto Trump administration.

But it’s unlikely we are at a new paradigm where XRP takes over.

BITCOIN. Only.

Occasionally rotate into SOL or ETH or DOGE.

A few percentage points to trading or memecoins.

But 90% of your portfolio should be in BITCOIN.

XRP/BTC is still trending down.

So if you buy XRP now, you might make a few gains, but you will go through a lot of PAIN in the years to come.

And trying to time your exit to stay in profit would be a cumbersome task.

Note: this is not cope because I wasn’t invested in XRP. The only way you could have caught that pump is if you were holding XRP in the months and years prior, which would not have been a correct choice according to sound investing principles. In other words, there was really no way to catch that pump without having to sit through months of painful drawdown.

Also, it would not have been smart to ride the wave after the first pump in November because XRP is not a memecoin and you can’t just blindly dump money into something because it’s going up.

Also the Ripple foundation is a scam.

XRP has a 100 billion supply.

80 billion XRP tokens were allocated to Ripple (the company).

The remaining 20 billion were given to… the cofounders!

So it’s a scam and they’re not hiding that it’s a scam.

If this were a memecoin, you would be dumb to invest in it because you could get rugged at any second.

Anyways…

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