Even though Ripple partially won against the United States Securities and Exchange Commission (SEC) in the past year, the XRP token’s value remains stagnant, unable to reach the $1 threshold. Consequently, the community is becoming increasingly impatient.
A social media user holding XRP and boasting a following of over 66,000 on platform X has expressed genuine concern regarding Ripple, CEO Brad Garlinghouse, CTO David Schwartz, and XRPL Labs.
Going by the pseudonym MackAttackXRP on Twitter, the user issued a cautionary message, noting a perceived unfavorable trend with XRP. The user urged the executives to take action in favor of XRP’s holders, suggesting that failure to do so might prompt holders to initiate selling.
On X, Mack expressed, ‘I’m generating significant monthly income, but my connections are dwindling, and I’m beginning to experience a decline in sales.
On the other hand, Bill Morgan, a passionate advocate of digital assets, expressed that the XRP’s community has consistently emphasized over the past four years that it does not anticipate deriving profits from Ripple’s endeavors. Morgan thinks the cautionary message does not pertain to individuals holding the XRP cryptocurrency.
Ripple’s XRP Profits & Price Stability
Unlike Morgan’s assertion, a different Twitter user pointed out that Ripple has been generating substantial profits by selling XRP tokens to individual investors. Despite the court’s decision that XRP is not considered a security when sold to retail investors, altcoin holders have not observed significant price fluctuations. The current value of XRP is approximately 50 cents, according to CoinMarketCap.
The user sarcastically remarked, ‘Ripple throws a (5) million party and the XRP enthusiasts believe Brad is their generous and caring father.
He highlighted the possible advantages of the undertaking. Morgan pointed out that although it might not immediately influence the XRP’s price, the grants program, supported by the event’s earnings, could stimulate advancements within the XRPL. Consequently, this can generate heightened demand for XRP’s, ultimately contributing to the well-being of the ecosystem.
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The author’s views are for reference only and shall not constitute any investment advice. Please ensure you fully understand and assess the products and associated risks before purchasing.
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