Alphractal CEO Says Investors Should Not Buy XRP Right Now: Here’s Why

While investors are awaiting a rebound from altcoins such as XRP, BNB, and Solana, a market expert has insisted no one should buy them right now.

The broader crypto market is currently recovering from the latest downtrend that pushed prices to shocking lows, with Bitcoin (BTC) already eyeing the $120,000 psychological mark. Amid this campaign, investors expect their favorite coins to reclaim lost ground and subsequently push toward greater heights.

Alphractal CEO Says Do Not Buy XRP, BNB, and Solana Now

However, Wedson does not share any of these bullish sentiments around XRP, BNB, or Solana. According to him, the reason behind his cautious stance is that these tokens have already witnessed their moments of explosive gains in the ongoing bull run.

Specifically, since November 2024, XRP has gained by an impressive 492%, while BNB has increased 79%, recently hitting the $1,000 milestone and consistently recording new all-time highs. While Solana has not matched these gains, it is still up 33% since last November.

Wedson States His Reason

Wedson insists that these assets have already risen too much, arguing that they no longer have favorable risk/reward ratios. Interestingly, he even suggested that Bitcoin, which is up over 68% since November, also does not feature a “great” risk/reward ratio.

According to Wedson, at this stage of the market, he would only opt for crypto assets that have not yet observed remarkable pumps. In addition to this, the market analyst also stressed that these assets on his radar show strong signs of potential breakouts from their accumulation phases.

Speaking further, he charged investors not to commit capital into an asset just because they “love” the underlying project. Instead, he advised them to invest in tokens at logical positions with favorable risk/reward ratios

When asked which assets he believes are in favorable positions right now, Wedson mentioned meme coins Shiba Inu and Dogecoin, Cardano, Toncoin, Polkadot, Coti, and others. However, it bears mentioning that on the weekly timeframe, XRP’s RSI sits at 56, on par with DOGE at 55 and close to DOT at 50.