Accéder au contenu principal

XRP’s Underperformance Ruffles Feathers As Community Asks Ripple To Do Something About Price

The XRP community is currently filled with discontent as concerns are on the rise over the prolonged underperformance of XRP’s price. Various community members have voiced their disappointment and criticism, urging Ripple, a world-leading crypto solutions provider, to take decisive action in addressing the challenges affecting the price of XRP. 

XRP Enthusiast Demands Solutions To Price Declines

An XRP supporter and community member, identified as “MackAttackXRP” on X (formerly Twitter), has shared a post expressing his frustrations and rising apprehensions over the stagnant condition of XRP’s price. The community member revealed that the expected trajectory for the cryptocurrency was diverging, undergoing numerous declines or maintaining a fixed diminished state for an extended period. 

Once a prominent player in the space, XRP held a significant position among the best-performing assets in the cryptocurrency space, trailing behind leading cryptocurrencies such as Bitcoin and Ethereum. However, the cryptocurrency is currently grappling with subdued market performance, struggling to match the pace set by trends within the broader crypto market. 

Since 2019, the cryptocurrency witnessed massive declines in both its price and overall trading volume. Furthermore, after the United States Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, XRP experienced further declines as investor sentiment dropped and the token’s reputation took a major hit. 

Ripple currently trading at $0.52064 on the daily chart: TradingView.com

Despite having the full support of its extensive community and finally gaining legal clarity after achieving a partial victory against the SEC, the cryptocurrency has been unable to make any noteworthy recovery. According to CoinMarketCap, the price of XRP at the time of writing is $0.52, a significant contrast from it’s all-time high of $3.84 in January 2018. 

In response to the lingering price decline, Mack has taken a proactive stance, issuing a “sincere warning” to Ripple’s key figures – Chief Executive Officer (CEO), Brad Garlinghouse and Chief Technology Officer (CTO), David Schwartz. He urged them to implement more effective measures to enhance the value of XRP, highlighting the community’s growing restlessness and ongoing frustration with the cryptocurrency’s price. 

XRP Community Slowly Loses Hope For Cryptocurrency

Similar to Mack, the majority of the XRP community has also expressed pessimistic sentiments regarding XRP’s extensive declines. Various XRP holders are beginning to lose confidence in the cryptocurrency and have opted to either sell off their tokens or refrain from purchasing more XRP.

An XRP community member disclosed that he had sold off 75% of his XRP holdings and plans to exit the market entirely. Mack, witnessing a decline in his connections, has also begun selling off his XRP holdings. Additionally, another member has stated that he would refrain from buying XRP tokens, expressing concerns that the cryptocurrency’s volume could drop further if the current decline persists. 

Amidst the growing discontent, some community members argue that Ripple and its team have displayed a lack of consideration for the community’s sentiments. They claim that the company is only concerned about its internal developments and strategic objectives rather than the interest of retail investors.

Featured image from Adobe Stock, chart from TradingView




Source link

The post XRP’s Underperformance Ruffles Feathers As Community Asks Ripple To Do Something About Price appeared first on Job From Home Blog.

Libellés :

Commentaires

Enregistrer un commentaire

Posts les plus consultés de ce blog

Hong Kong SFC Raises Alert Over MEXC Imposter

The Hong Kong Securities and Futures Commission (SFC) has issued an alert on a suspected fraudulent platform impersonating the presence and operations of a popular cryptocurrency exchange MEXC. This development comes from a joint operation between the Hong Kong regulator and the local police force aimed at uncovering illicit activities of virtual asset trading platforms (VATPs). SFC Warns Hong Kong Citizens Of Fraudulent Trading Platform According to an announcement on February 9, the SFC is warning crypto enthusiasts and investors of an ambiguous trading platform that operates under the name “MEXC.” In a joint investigation with the Hong Kong police, the securities market regulator discovered that “MEXC” has lured several investors into becoming members of group chats in which it claimed to offer “free investment advice.” Through this medium, “MEXC” was able to direct unsuspecting investors into depositing funds through fraudulent websites in order to purchase cryptocurrencies. Th...
Enregistrer un commentaire
Lire la suite

What’s In Store For Bitcoin With 85% Of Holders In Profit

Amidst a renewed wave of optimism sweeping through the broader cryptocurrency landscape, the resurgence of Bitcoin (BTC) to the pivotal $37,500 price threshold has become a catalyst for positive shifts. At present, a staggering 85% of Bitcoin holders find themselves in a profitable position, a testament to the resilience and potential of the leading cryptocurrency. Encouragingly, key indicators hint at the likelihood of this percentage expanding in tandem with Bitcoin’s upward trajectory. Making Money With Bitcoin As the market plummeted from its all-time high in November 2021, the amount of Bitcoin supply in profit has reportedly hit levels last observed two years ago, according to Glassnode. The analytics service also stated that the amount of unrealized profit contained in these currencies is still very small. Based on the latest figures from blockchain analytics website IntoTheBlock, some 85% of Bitcoin holders are profitable at the current price of the first cryptocurrency,...
Enregistrer un commentaire
Lire la suite

Instagram Is Experimenting With an Option To Add Files to DMs

What if you could send files in your IG DMs? That may soon be an option, with app researcher Alessandro Paluzzi uncovering this process in the back-end data of the app. As you can see in this example, Instagram’s experimenting with a new option that would let you add files to your messages as attachments. Which is not overly surprising. You can already send documents within WhatsApp , and on Messenger (in limited capacity), and with Meta still working to integrate all of its messaging platforms into a single system , it makes sense that it would also need to replicate the functionality of each, to ensure full parity. So, basically, every function within Messenger, IG Direct and/or WhatsApp will eventually be available in each other app, as that will then enable Meta to link them all together into a singular messaging system. As such, I do think this is coming, and is more than just an experiment, which will provide expanded functionality within your IG DMs, and could be handy...
Enregistrer un commentaire
Lire la suite