Pundit Says XRP is Painful, Boring to Hold, But Missing Next Big XRP Run Would Be Worse

A crypto industry commentator believes XRP is painful and boring to hold as an asset but insists investors would not want to miss out on its next rally.

Recently, a conversation emerged around XRP following remarks highlighting its lackluster performance over the past few years. Yasin Mobarak, the founder of Dizer Capital, joined the discussion and reaffirmed his confidence in XRP.

XRP’s Bitter-Sweet Status

In a recent post on X, Mobarak acknowledged the difficulties faced by XRP investors. The industry commentator described the experience as “painful, boring, and utterly demoralizing.”

The statement reflects the sentiment among many long-term holders who have seen XRP struggle, particularly during the 2021 bull run when it failed to break its previous all-time high (ATH) of $3.31, a level it last reached in January 2018.

However, Mobarak suggested that while the wait may be excruciating, the potential for significant gains makes it worthwhile. 

The market observed this pattern during the 2017/18 bull run. Notably, at the start of the bull market, XRP underperformed largely, triggering concerns. However, as the market matured, it spiked 66,100% in a year, outperforming the rest of the market.

“Old Coins”

Mobarak’s latest comments come in the wake of observations by Raoul Pal, a seasoned market veteran, who recently advised investors to consider shifting their focus from so-called “old coins” like XRP and Cardano. 

Pal argued that these assets have a cult-like following, which may not be beneficial for investors looking to capitalize on the current bull market. According to him, clinging to these assets might prevent investors from realizing potential gains elsewhere in the cryptocurrency market.

XRP’s underperformance during the 2021 bull run is one factor that has triggered these sentiments. However, market pundits attributed it to the legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). 

The lawsuit, which accused Ripple of conducting unregistered securities offerings through its sale of XRP, created uncertainty and dampened investor enthusiasm. As a result, XRP was unable to match the impressive gains seen by other cryptocurrencies during that period.

However, the legal landscape has since changed dramatically. The lawsuit concluded with XRP being declared a non-security. This legal victory has renewed confidence in XRP, with many believing that it is now better positioned to participate in the ongoing bull market.

Legal Expert Backs XRP

Despite this positive development, Pal remains skeptical. He cautions that the cult-like mentality surrounding assets like XRP could lead to missed opportunities in the market. While Pal’s views carry weight, many have challenged it.

Pro-crypto attorney Fred Rispoli responded to Pal’s assessment with a respectful disagreement. Rispoli, who has been vocal in his support for XRP, acknowledged Pal’s credibility and well-meaning intentions. However, he expressed confidence in XRP’s potential, arguing that its story is far from over.