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Ripple CEO Surprised by Cryptocurrency Market Dynamics’ Lack of Recognition of XRP
- XRP’s relative lack of movement has generated significant FUD.
- Ripple CEO is frustrated with XRP’s current state despite regulatory clarity.
- BarriC has exposed XRP FUD and expects a recovery soon.
XRP’s relative lack of movement has generated significant FUD in the cryptocurrency ecosystem, leading some critics of the altcoin to call it a “dead coin.” Ripple CEO Brad Garlinghouse has expressed frustration with the current state of XRP despite its status as a cryptocurrency with well-defined regulatory status in the United States
A US judge declared that seasonal $0.93. However, the price did not remain elevated for long, as XRP dropped by around 50% shortly thereafter and remained in that range for several months.
Meanwhile, Garlinghouse expressed surprise at the lack of recognition of XRP’s regulatory status despite it being relisted on major US exchanges such as Coinbase (NASDAQ:), Gemini, Crypto.com and Kraken. Grayscale’s investment products have also reset XRP, but the altcoin remains within post-July 2023 levels.
BarriC, a well-known XRP advocate on X, recently shared his opinion on the potential of XRP through different seasons, showing how the cryptocurrency has performed over the years, while facing significant challenges.
For anyone spreading this FUD $XRP: #XRP price hasn’t moved since 2017 Image 1 – $XRP $0.006 in 2017 Image 2 – $XRP $3 in 2018 Image 3 – $XRP $1.65 in 2021 Image 4 – $XRP current price $0.49 #XRP behaves differently than most #cryptocurrencies… pic.twitter.com/wm4eEis8KB
— BarriC (@B_arri_C) June 15, 2024
The pro-XRP commentator noted that the altcoin behaves differently than the rest of the cryptocurrency market due to lawsuits and delistings that have reached peak FUD and hysteria in 2021. According to BarriC, XRP has not recorded new all-time highs since its initial surge in 2018 due to the challenges.
Furthermore, he noted that anyone spreading the narrative that XRP price is stagnant is lying, advising cryptocurrency users to look to the future of the crypto project and expect an explosive move in the next bull run.
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