Pundit Says Anyone Not Leading You to XRP is Misleading You
The post Pundit Says Anyone Not Leading You to XRP is Misleading You appeared on BitcoinEthereumNews.com.
Crypto commentator Julius Rose has boldly asserted his strong belief in XRP, suggesting that anyone in the crypto market not guiding others toward XRP is likely misleading them. Rose shared this sentiment in a post on X on Friday, coinciding with XRP’s surge to a five-week high of $0.57. As of press time, XRP is trading at $0.5521, up 7.6% over the past week. His statement that anyone not leading others to XRP is misleading them underscores his confidence in the asset’s long-term potential despite XRP’s relatively underwhelming performance in recent years. While XRP has been a laggard compared to other cryptocurrencies, Rose’s perspective offers optimism for long-term holders, especially as some in the XRP community express frustration with the asset’s recent price action. XRP Price Action in Recent Times XRP’s weekly gain of 7.6% is modest compared to rivals like Solana (SOL) and Ethereum (ETH), both of which have posted impressive weekly gains of over 21%. On a monthly basis, SOL and ETH have risen by 50% and 30%, respectively, while XRP has increased by just 3%. When looking at year-to-date performance, XRP is down by 10%, whereas Solana has surged by 97%, and Binance Coin (BNB) has gained 101% in the same period. This disparity has led to frustration among XRP holders, with critics using the underperformance to argue that XRP has limited potential in the current bull market. Ripple CEO Optimistic About XRP’s Future Despite these challenges, Ripple CEO Brad Garlinghouse has recently expressed optimism about XRP’s future. He believes regulatory changes under a potential Donald Trump administration could help XRP regain momentum. Garlinghouse criticized the U.S. SEC’s lawsuit against Ripple, which has hindered XRP’s growth. He believes the incoming Trump administration’s crypto-friendly stance—especially Trump’s plan to replace SEC Chair Gary Gensler—could remove these obstacles. Garlinghouse reflected…
Filed under: News - @ November 9, 2024 2:25 pm