In a recent evaluation, cryptocurrency expert Josh Olszewicz raised concerns regarding Ripple's XRP as a lucrative trading asset. Observing the lackluster performance of the cryptocurrency, Olszewicz characterized it as "stagnant money" due to its failure to show significant growth since 2018.

Questioning the Profitability of XRP
On March 11, XRP made an attempt to break through a resistance level at $0.66, only to face rejection as a result of intensified selling pressure. This setback caused the price to plummet below $0.42, raising the possibility of revisiting the support threshold at $0.32. Despite potential uptrends, XRP's movement was halted, hinting at a prolonged period of uncertainty.

According to Olszewicz, the trading environment surrounding XRP is notably arduous, marked by challenging conditions that hinder profit-making opportunities for investors. He bluntly stated, "XRP has remained stagnant in value since 2018... it's essentially dead weight, lacking logical appeal for investment unless one possesses a strong rationale."

Analyzing the market trends depicted on weekly charts, Olszewicz highlighted a prevailing bearish trend accompanied by erratic daily fluctuations, which further complicates the attractiveness of XRP as a trading asset. This inconsistency and skepticism surrounding XRP's price trajectory present obstacles for potential traders seeking profitable opportunities.

In the event that XRP manages to stabilize around $0.42 and subsequently surpasses the Ichimoku Cloud at $0.87, it could signal a possible weakening of the current bearish influence. Nevertheless, given the prevailing market dynamics and Olszewicz's assessment, such a scenario appears less plausible, suggesting that XRP is likely to remain within a narrow price range with minimal prospects for significant growth.