Crypto analyst says selling XRP now is unwise.

• Ben Armstrong argued that selling XRP due to perceived underperformance is unwise.
• He dismissed comparisons of XRP with Solana (SOL) and Avalanche (AVAX).
• Armstrong urged investors to pack their bags, claiming that XRP’s upward trend will begin in January.

In a recent YouTube video, cryptocurrency analyst Ben Armstrong argued that selling XRP due to perceived underperformance is unwise. While he acknowledged XRP’s historically sluggish trend, he first mentioned concerns related to XRP’s inability to maintain its bullish momentum after winning the legal battle.

Armstrong argued broader market conditions were holding back further gains. He also refuted critics’ views that XRP failed to chart a bullish trajectory like other competitors, such as Solana (SOL) and Avalanche (AVAX), which both posted gains of more than 100%.

He dismissed such comparisons and drew parallels with Ethereum’s delayed rise in previous cycles. Moreover, he warned impatient XRP investors who might try to switch to more promising assets for quick profits. Armstrong said people considering selling XRP have a poor understanding of market dynamics.

According to Armstrong, potential financial losses come from impulsive actions, not market trends. He cited the hasty sale of XRP holdings just before a significant surge as one of these signature actions. He urged reluctant holders to sell, noting that experienced players are better equipped to navigate the situation rather than panic over short-term fluctuations.

Meanwhile, Armstrong provided a specific timeline for how cryptocurrency market participants can expect XRP’s upward trend. In a recent post on X, he encouraged the XRP community to prepare for an imminent upward surge in XRP value.

Expressing his optimistic stance, he advised XRP holders to actively take advantage of the price decline by increasing their holdings. According to Armstrong, XRP is poised to make significant moves before the end of January 2024. He said: “XRP will start moving in the next 3-4 weeks. Pack your bags, kids. “It’s time to go.”