In the latest XRP news, Ripple has faced massive criticism from prominent figures in the crypto market amid rumors over a potential US XRP Reserve. With the US SEC no longer serving as a common adversary, Bitcoin maximalists have turned their frustration toward Ripple. Prominent figures in the industry call this rift the next big threat, sparking debates over a potential Ripple vs. Bitcoin war.

XRP News: Ripple Vs Bitcoin Is Focus Amid Trump’s Crypto Reserve Plan

In the latest XRP news, the speculation around a US national crypto reserve has added fuel to the growing tension of the Bitcoin maxis. President Donald Trump hinted at moving away from a Bitcoin Strategic Reserve toward a broader crypto reserve. This has raised suspicions about XRP becoming part of the national balance sheet, sparking a Ripple Vs Bitcoin war.

Notably, following this, a flurry of Bitcoin maxis and prominent crypto figures have slammed Ripple. FOX journalist Eleanor Terrett described the situation as “open warfare” between crypto communities, highlighting the unprecedented hostility. Besides, she also questioned that as the US SEC thread diminished under Trump’s pro-crypto era, the crypto communities started “warring” among themselves.

Meanwhile, Bitcoin Magazine urged its followers to reject XRP, stating, “Bitcoin only” on America’s balance sheet. Similarly, Exodus co-founder JP Richardson expressed his belief that Bitcoin, not XRP, should preserve national wealth.

Source: JP Richardson, X

Adding to the criticism, Julian Fahrer of Apollo Sats labeled Ripple’s ecosystem an “insider trading operation.” Jack Mallers, CEO of Strike’s parent company Zap, accused Ripple of undermining Bitcoin and lobbying aggressively against the Bitcoin Strategic Reserve.

Source: Julian Fahrer, X

Ripple Faces Criticism For ‘Lobbying’ Efforts

Ripple faces immense criticism amid speculations over a potential US XRP Reserve. Riot Platforms VP Pierre Rochard accused the firm of advancing its agenda at Bitcoin’s expense. Rochard claimed Ripple targeted Bitcoin mining during the Biden administration and alleged it anticipated Kamala Harris’s support for a CBDC built on its platform.

Messari Crypto co-founder Ryan Selkis echoed similar concerns, accusing Ripple of lobbying to derail the Bitcoin Strategic Reserve. Selkis argued that XRP’s inclusion in a national crypto reserve undermines Bitcoin’s credibility, calling it unnecessary.

Brad Garlinghouse and Pro-XRP Enthusiasts Comes In Support

Ripple CEO Brad Garlinghouse dismissed allegations of undermining Bitcoin. He argued Ripple’s lobbying supports innovation and increases the likelihood of a balanced strategic reserve, potentially including Bitcoin. Garlinghouse reiterated Ripple’s commitment to advancing the US crypto landscape.

While critics remain vocal, Flare co-founder Hugo Philion also expressed optimism about XRP’s future. He emphasized 2025 as a pivotal year for XRP and Flare’s growing role in the ecosystem. Pro-XRP lawyer Bill Morgan also praised CoinShares’ recent XRP ETF filing, stating, “The market wants exposure to XRP.”

Will XRP Price Continue To Rally?

XRP price today slumped 2.5% to $3.10 amid a broader crypto market downturn. Its trading volume also fell 42% to $5.1 billion. However, despite that, recent reports indicate a continuing rally of the crypto, especially under the Trump administration and other positive XRP news.

Notably, US-based crypto like XRP, Solana, and others, have received immense traction as Donald Trump reiterated his stance to make the US the crypto capital. In addition, the latest XRP ETF filings also hint at increasing institutional confidence towards the crypto.

On the other hand, a flurry of experts anticipate a potential settlement or conclusion to the long-running XRP lawsuit. Having said that, a recent report also indicates a potential XRP price rally to $15 once the lawsuit ends. Considering all these aspects, it appears that Ripple’s native crypto is likely to hit new highs in the coming days.

The post XRP News: Is Ripple Vs. Bitcoin The New Threat In Crypto After US SEC? appeared first on CoinGape.

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Filed under: News - @ January 25, 2025 9:11 am