although The price of XRP is relatively stagnant, the bullish case for the coin continues.This time, a member Ripple Community A clip from an executive was mentioned, reminding the community The potential of the token due to concerns over its poor performance.
XRP offers the opportunity to become extremely rich
Versan Aljarrah, a prominent member of the XRP community, recently shared A clip on his X (formerly Twitter) platform. In the video, Miles Franklin CEO Andy Schetman explains XRP and how it can make everyone “incredibly rich.” He pointed out how the price of XRP allows anyone to invest “small amount of money” and still get good returns.
Sheitman also talked about De-dollarization and warns of the need to accept or “become overwhelmed by change.” He said that coins like XRP are “a great alternative to the U.S. dollar.” Dedollarization is the process by which the world no longer relies on the U.S. dollar as its primary reserve currency.
Interestingly, XRP has long been considered one of the currencies that could replace the US dollar as the world’s reserve currency.Bitcoinists too recent reports Ripple aims to help XRP reach this status.Meanwhile, analysts expected When this happens, XRP will reap incredible gains.
So Sheitman may have been hinting at this when he mentioned how XRP can make anyone incredibly rich, as it provides a better alternative to the US dollar.
XRP community loses patience
The re-emergence of Schetman’s video comes amid growing frustration among the XRP community over the crypto token’s underperformance.Bitcoinist report How a community member named “MackAttackXRP” appealed Ripple CEO Brad Garlingouse and warned him of the unrest in the community.
The move once again highlights the belief of some community members that Ripple has something to do with XRP’s poor performance. Pro-XRP cryptocurrency YouTuber Jerry Hall was mentioned earlier He believes that the cryptocurrency company is driving down the price of the token through its monthly XRP sales.
Meanwhile, the XRP community Also known as Ripple destroys its custodian XRP tokens to increase their value. However, Ripple’s chief technology officer (CTO) David Schwartz explained that the move would not yield “real benefits.”
Regardless, it’s clear that the community is losing patience and needs XRP to show some form of bullish momentum soon, otherwise it could trigger a trend in which community members start dumping the token.
As of this writing, XRP is trading around $0.52, up more than 2% in the past 24 hours, according to the data data From CoinMarketCap.
Cover image from Dalle-E, chart from Tradingview