The post Ben Armstrong warns against hasty XRP divestment appeared on BitcoinEthereumNews.com.

In a recent YouTube video, prominent crypto analyst Ben Armstrong delivered a confident and straightforward message to the XRP community. He argued that selling XRP in light of its perceived underperformance would be unwise, addressing concerns surrounding its inability to sustain bullish momentum after a legal dispute victory.  Armstrong emphasized the importance of understanding market dynamics, avoiding impulsive actions, and cautioning against hasty divestment of XRP holdings. He also provided a specific timeline for potential upward movement in XRP’s value, advising holders to be proactive. XRP’s recent performance Ben Armstrong acknowledged XRP’s historical lackluster performance but attributed it to broader market conditions rather than inherent shortcomings. He defended XRP against comparisons with more successful rivals like Solana (SOL) and Avalanche (AVAX), asserting that such comparisons often overlook the delayed ascent of projects like Ethereum in previous market cycles.  Armstrong highlighted the impatience of some XRP investors who seek to switch to more promising assets for quick profits, cautioning that potential financial losses result from impulsive actions rather than market trends. The crypto analyst emphasized the importance of understanding market dynamics and avoiding hasty decisions. He pointed out that experienced participants who remain unfazed by short-term fluctuations are better equipped to navigate the crypto landscape successfully. Armstrong advised against making abrupt decisions like divesting XRP holdings just before a significant surge, as such actions could lead to missed opportunities and regrets. Armstrong’s optimism and timeline In a recent post on social media, Ben Armstrong expressed his optimism for XRP’s future performance. He encouraged the XRP community to brace themselves for an imminent upward surge in XRP’s value and advised holders to 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. He stated, “XRP will start…

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Filed under: News - @ December 31, 2023 11:54 am