Love it or hate it, XRP has cemented itself as a notable player in the crypto sector. Ranked the seventh most valuable crypto, XRP has held a spot among the top-ranking crypto assets for over a decade.
However, prolonged periods of steady descent have characterized the crypto’s journey so far. Even though it’s currently painful to hold XRP, Yassin Mobarak — founder of the private equity firm focused on startups in the tech sector Dizer Capital — has recently disclosed why crypto investors should not miss out on investing in the token.
XRP: Is The Sleeping Giant Ready To Awaken?
Yassin Mobarak said in his X post that XRP’s impending rally will be explosive and crypto proponents ought not to miss out when the crypto finally moons. Meanwhile, the Ripple shareholder acknowledges that until the anticipated rally materializes, holding XRP remains “painful, boring, and utterly demoralizing.”
Indeed, the price of XRP has been disappointing over the last several years. While other crypto majors like Bitcoin (BTC), BNB, and Ethereum (ETH), among others, have either set new highs or come within touching distance of their previous highs this year, XRP is still a staggering 82.5% away from its $3.40 ATH posted back in 2018.
XRP enthusiasts had hoped that Ripple’s historic legal win in 2023, whereby a judge ruled that Ripple had not violated existing securities laws by selling XRP to retail investors via exchanges, would light a fire under the bulls and propel the cross-border payments token above the coveted $1 milestone.
It was also widely expected that the favorable final conclusion earlier this month would fuel new growth and potentially lead to an uptick in XRP’s price. However, the crypto’s price action remains suppressed below the $0.60-$0.65 resistance range.
Notably, Mobarak confessed to having a ‘love/hate relationship’ with XRP because of its subdued growth over the years. As reported by ZyCrypto, the pundit had previously blamed Ripple for XRP’s lackluster price action and contended that XRP token holders were sold a “dream that may never come true.”
Better Stay Away From ‘Cults’ Like XRP?
The recent optimistic remarks made by Yassin Mobarak come shortly after macro guru Raoul Pal sounded the alarm on XRP. Pal claimed in a widely-circulated video that crypto investors should not miss a crypto bull run by remaining emotionally attached to old coins like XRP — which is from two bull markets ago.
The crypto commentator further pointed out that XRP holders “were being done a disservice because you’re in a cult.” The Real Vision boss believes that the only people who rake in handsome returns from a cryptocurrency like XRP are its leaders, for instance, Ripple’s chief executive officer Brad Garlinghouse.
Per data from CoinGecko, the price of XRP currently stands at $0.5969, down 1.2% on the day, but up 7% on the week.
The post Ripple’s XRP Very Close To A Monumental Price Breakout — Pundit Explains Why You Shouldn’t Miss It appeared first on Zycrypt.
