Bitrabo Editorial
Bitrue, a well-known cryptocurrency exchange, is encouraging investors to consider going all-in on XRP, emphasizing the cryptocurrency’s potential for significant growth to new heights. This promotion of XRP by the exchange has sparked controversy within the crypto community.
Bitrue Backs Full Investment In XRP
Bitrue is advocating for members of the crypto community to invest fully in XRP, the native token of the XRP Ledger (XRPL). Expressing a positive outlook on XRP, the exchange used a rocket emoji in their post, hinting at a potential substantial surge in the cryptocurrency’s value.
In a post on X (previously Twitter), Bitrue stated, “When in doubt, go all in XRP.” Despite XRP’s price fluctuations over time, Bitrue has maintained its support for the cryptocurrency. Users can trade XRP on the exchange platform, which offers various XRP trading pairs with popular cryptocurrencies such as Bitcoin, Shiba Inu, and Pepe.
Following the lawsuit filed by the United States Securities and Exchange Commission (SEC) against Ripple, XRP’s price has been on a downward trajectory. While XRP reached an all-time high of $3.84 in 2018, it has struggled to reach this peak in the last five years.
The decline in XRP’s value has raised concerns among long-term investors and supporters of the cryptocurrency. Despite optimism within the community for a potential rally post the SEC lawsuit, many have opted to sell their tokens to mitigate potential losses.
Response From Crypto Community Members
Bitrue’s recommendation to heavily invest in XRP has been met with skepticism, considering XRP’s lack of significant price movement in recent years. The current price of the cryptocurrency is in a downward trend, trading at $0.47, reflecting a 4.52% decline over the past week according to CoinMarketCap.
Bitrue’s post has generated mixed reactions from the crypto community, with some expressing criticism. While one member declared their intent to go all in on XRP, they cautioned that they would hold Bitrue responsible if the investment fails. Another member praised the exchange for its bold stance despite XRP’s dwindling value and market performance.
In response to the backlash, Bitrue has removed the controversial post from X. Despite negative sentiments, there are still community members who maintain a positive outlook on XRP’s price potential. ‘Jack The Rippler,’ an enthusiastic XRP supporter, has shown bullish sentiment for the cryptocurrency, predicting a significant price increase akin to its 2018 peak.