The XRP community is as fiery as always, with price debates, predictions and arguments that light up crypto forums. Although XRP has shown a sharp recovery of last weekend’s drop, the chatter online reveals a distributed community with some who call it ‘scam’, while others remain convinced that it is one of the best long -term games of crypto.
The bears growl
Not everyone is impressed by the recent movements of XRP. A Reddit user broke out about:
“Why did XRP fail so miserably? Almost every other investment seems to have done better in the long term.”
The heaviest critics pointed to the early ledger openings of XRP, Ripple’s control over token supply and centralization -delivery as a reasons they believe that token is not suitable for the decentralized future of crypto.
The loyal defenders shoot back
On the other hand, in the past year, supporters explained the price gain of 350% of the XRP and its consistent presence in the top 10 cryptocurrencies per market capitalization. Many users argued that, despite the criticism, XRP has succeeded in surviving multiple market cycles, regulatory fights and negative press, which performs better than countless altcoins that have disappeared.
XRP Price Promotion Summary
Despite the drama, the XRP price action has looked constructively this week. After a sharp decrease to around $ 2 during the geopolitical tensions of last weekend, the token returned strongly, so that the reach of June was recovered. At the time of writing, XRP keeps stable around $ 2.15- $ 2.20 with a healthy trade volume.
The recovery was helped by an improved sentiment as the tensions in the middle -east relaxed and the markets priced in the hope of a possible interest rate reduction of the US later this year.
While people argued about XRP, old price forecasts began to pop up again, including the famous purpose of $ 10,000. Most experts still think it is a long recording, but some believe that XRP could collect large if regulations become clearer and large settings will use the lake.
Credit : coinpedia.org
