- Ben Armstrong argued that selling XRP is unwise due to perceived underperformance.
- He dismissed comparing XRP to Solana (SOL) and Avalanche (AVAX).
- Armstrong claimed XRP’s uptrend would commence in January, urging investors to pack their bags.
In a recent YouTube video, crypto analyst Ben Armstrong argued that selling XRP is unwise due to perceived underperformance. While acknowledging XRP’s historical lackluster trend, he first addressed concerns related to XRP’s failure to sustain its bullish momentum following the victory from the legal dispute.
Armstrong argued that broader market conditions suppressed further gains. Furthermore, he countered critical views about XRP’s failure to engineer a bullish trajectory like other rivals such as Solana (SOL) and Avalanche (AVAX), which have seen more than 100% gains.
He dismissed such comparisons and drew parallels to Ethereum’s delayed ascent in previous cycles. Moreover, he cautioned impatient XRP investors seeking to shift to more promising assets for quick profits. Armstrong stated that those contemplating selling XRP have a lower understanding of market dynamics.
According to Armstrong, potential financial losses stem not from market trends but rather from impulsive actions. He cited hastily divesting XRP holdings just before a significant surge as one of such characteristic actions. He urged hesitant holders to divest, noting experienced participants, unfazed by short-term fluctuations, are better equipped to navigate the landscape.
Meanwhile, Armstrong gave a specific timeline for crypto market participants to expect XRP’s uptrend. In a recent post on X, he encouraged the XRP community to brace themselves for an imminent upward surge in XRP’s value.
Expressing his optimism, he advised XRP holders to be proactive and take advantage of any price dips by increasing their holdings. According to Armstrong, XRP is poised for significant movement before the end of January 2024. In his words: “XRP will start moving in the next 3-4 weeks. Pack your bags, boys. It’s about go-time.”
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