Bitrabo Editorial
XRP has been recently relieved from the long-standing SEC-Ripple legal dispute, but its price struggles to gain momentum. Despite the settlement favoring Ripple, XRP’s value hasn’t shown significant improvement post-lawsuit.
A renowned figure in the crypto domain referred to as “Max Prime” labeled XRP as the most dubious cryptocurrency due to its failure to showcase a significant price surge following the resolution of the Ripple lawsuit.
Rebuke of XRP by Crypto Expert
Max Prime highlighted the conclusion of the SEC-Ripple lawsuit on social media, emphasizing the $125 million penalty imposed on Ripple for the inappropriate sale of XRP tokens. Although this penalty was seen as a win, the XRP price failed to maintain an upward trajectory as anticipated post-lawsuit.
Despite an initial surge in XRP value subsequent to the case resolution, the rally was short-lived. The price quickly receded and has since struggled to surpass the $0.60 mark. Max Prime ridiculed XRP enthusiasts for their patience in envisaging a significant price surge.
#XRP is literally the biggest scam in crypto
THEY WIN THE LAWSUIT AGAINST THE SEC
( paid very small fine )And XRP DOESN’T MOVE
THESE XRP CLOWNS HAVE BEEN SAYING
ITS TO THE MOON AFTER LAWSUIT
AND GET NOTHINGHAHAHAHA SUCKERS pic.com/LR6sWtKtf5
— Max Prime (@MatrixPrime_) August 17, 2024
He further added, “THESE XRP CLOWNS HAVE BEEN SAYING ITS TO THE MOON AFTER LAWSUIT AND GET NOTHING HAHAHAHA SUCKERS.”
What Lies Ahead for XRP?
Despite disappointment among XRP supporters due to the lack of substantial growth, criticisms like Max’s are contested by many within the XRP community. XRP has garnered a dedicated following and received support from crypto analysts and enthusiasts.
The current stagnant price movement is attributed to the broader market consolidation. Most cryptocurrencies have faced price adjustments, with XRP being no exception. It’s unwarranted to brand XRP as a fraud or failure solely based on its current market performance. XRP’s potential can be realized once the market enters a bullish phase again.
Currently, XRP is trading at $0.5666.
Image source: FX Empire, chart by TradingView