- Versan Aljarrah warns XRP holders to prioritize self-custody immediately.
- XRP rebound possible as MVRV ratio signals oversold market conditions.
- Rising XRP wallet numbers highlight growing investor confidence and security focus.
The XRP community is once again on alert after financial strategist and Black Swan Capitalist founder Versan Aljarrah issued a stern caution to investors. According to him, the time for relying on third-party custody solutions has passed, emphasizing that self-custody is now essential for survival in the volatile crypto landscape.
Aljarrah explained that users who depend on custodial wallets place their future in the hands of others, as such services control the private keys to the funds. He encouraged investors to shift to self-custody wallets, where holders have complete authority over their digital assets.
He added that he personally uses eight cold wallets secured across multiple layers to ensure maximum safety.
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Expert Emphasizes Control Amid Growing Market Uncertainty
Crypto markets have faced heightened instability, following a record sell-off earlier in October that saw more than $19 million erased in liquidations. The strategist’s remarks come at a time when investor confidence remains fragile, particularly as digital asset values continue to swing sharply.
Cold wallets, which keep private keys offline, have become the preferred choice for many long-term investors. These wallets, including hardware and paper options, offer protection against online threats that have recently become more sophisticated.
Aljarrah’s advice reflects growing concerns over centralized exchanges, which have previously suffered from breaches and insolvencies.
Indicators Point to a Potential XRP Rebound
Data from on-chain analytics firm Santiment suggests a possible recovery for XRP. The firm reported that XRP’s MVRV ratio, a key indicator of trader profitability, has fallen to -15.3 percent. Historically, such negative values often precede rebounds, as they indicate traders are holding assets at a loss, signaling potential buying opportunities.
Significantly, the number of wallets holding at least 10,000 XRP has reached an all-time high of more than 317,500. This growing participation among mid and large holders indicates sustained interest and confidence in XRP’s long-term prospects despite short-term market turbulence.
Security and Control Remain the Core of Crypto Ownership
Aljarrah’s call reinforces a broader sentiment within the cryptocurrency community that security and control are paramount. As digital assets become increasingly integrated into global finance, investors are reminded that safeguarding access to their holdings is crucial.
Managing one’s own private keys, according to experts, remains the foundation of true financial independence in the crypto space.
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