Jim Cramer, the “Mad Money” host, is a welcome voice in crypto and blockchain discussions, but for a slightly different reason. For a long time, the hosts’ comments and insights on Bitcoin and the crypto industry have often been a source of buying or selling decisions for some. However, Cramer’s effect on crypto, and in this case XRP, is the exact opposite: when Cramer talks about it, it’s a “sell signal” for most. And that’s precisely what one market analyst thinks about the potential catalyst that will push XRP’s price action.
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According to crypto analyst EGRAG Crypto, if the host talks positively about XRP, it acts as his “sell signal.” The analyst added that his comment marks the asset’s top price, potentially ending its bullish run.
XRP Remains Solid, Consolidating At $1
Although Bitcoin continues to dominate the markets as it tries to break the $100k mark, Ripple’s XRP is making its move. Days before the US elections, XRP’s price was in a sideways movement, ranging from $0.55 to $0.54.
#XRP – Sell Signal 🦄:
When this guy starts talking about #XRP and the importance of owning it, and trading it and storing it.
This is my sell signal until then ride the waves. pic.twitter.com/rmazMF5cc5
— EGRAG CRYPTO (@egragcrypto) November 25, 2024
Then, starting on election day, its price started to increase, from $0.5031, and it broke the $1 mark last November 16th. And last November 23rd, XRP hits its three-year high at $1.6335, reflecting a 220% increase in three weeks.
Starting November 24th, XRP’s price began to dip again, showing signs of correction. Ripple’s token has been in the red for four consecutive trading days, the first time in almost two months. Despite the asset’s “minor price correction,” XRP has consolidated above the $1 level and currently trades at $1.4.
Sell According To Cramer’s Insights?
Ripple’s XRP has been one of the best-performing tokens in the market recently. It has increased by 26% in the past week, compared to Bitcoin’s increase of just 0.45% in the same period. With XRP showing a strong consolidation in the $1 level, EGRAG playfully mentioned that SRP will start to lose its market momentum once Cramer shares his thoughts and opinions.
According to EGRAG, XRP’s biggest sell signal occurs when host Cramer starts…
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