XRP Community’s Concern
An influential XRP community member expressed concerns over XRP’s underperformance, pushing Ripple’s leaders to respond. Ripple’s CEO and CTO were urged by the XRP investor to address the token’s poor performance and its impact on the community’s patience. Despite being a leading crypto asset, XRP’s price has declined significantly from its peak, currently trading at $0.5215, amid market downturns and Ripple’s legal challenges.
XRP Sell-off Begins
XRP’s downward trend has led to some community members selling off their holdings. One person sold 75% of their XRP due to disappointment, while another sold their holdings in 2017. However, XRP enthusiast Dark Defender offered a glimmer of hope, reminding the community of past challenges before significant bull runs and urging patience.
Another analyst indicated that XRP could increase by 65,000% and advised patience to avoid missing out.
Ripple CTO Clears SEC vs. Ripple Lawsuit Speculation
Ripple’s CTO, David Schwartz, addressed speculations on the SEC vs. Ripple lawsuit, suggesting it could conclude this year. The court case is expected to reach a resolution by early summer 2024. Although the SEC’s actions are uncertain, legal experts anticipate a resolution soon.
The Ripple CEO expressed confidence that the lawsuit will resolve soon, as the financial documents are uncontroversial and will likely lead to a swift resolution.
With ongoing uncertainties, the future of XRP remains uncertain. Only time will tell if it will go up.
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