Macro investor and trader Jason Pizzino recently offered a harsh critique of XRP while sharing a provocative idea on how the asset could reverse its declining trend.

Here’s a quick breakdown:

Current Price Struggles 📉: XRP has dropped 3.62% to $0.5361 today, marking a 10% decline over the past month. Year-to-date, XRP’s performance lags behind many of its crypto rivals.

A Hypothetical Path to a Pump 🚀: Pizzino suggested that XRP may need a narrative shift to experience a price surge. Specifically, he humorously proposed that XRP should embrace meme coin status to mimic the speculative gains seen by tokens like Dogecoin (WIF) and PEPE, which have seen year-to-date returns of 1,525% and 641%, respectively.

Why Meme Coins? 🤔: Meme coins, driven by community hype rather than utility, have captured the market’s attention with explosive price movements, something XRP has struggled to match.

XRP’s Performance Lag ⚠️: XRP has consistently underperformed, ranking as one of the worst-performing top 100 crypto assets in 2023, trailing 78% of its competitors.

ADA Faces Similar Criticism 📊: Pizzino extended his criticism to Cardano (ADA), pointing out its struggles in the ADA/BTC pair, with prices dipping to 2020 levels. He believes both ADA and XRP could potentially thrive by adopting the meme coin route.

🔑 Key Takeaway: While Pizzino's critique of XRP and ADA was part-joke, it reflects a broader trend in the crypto market where assets with limited utility have thrived on hype. However, XRP and ADA loyalists believe that utility-driven bullish days are still ahead.

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