- XRP’s relative lack of movement has generated significant FUD.
- Ripple’s CEO is frustrated about XRP’s current state despite regulatory clarity.
- BarriC has debunked XRP FUD and predicts a rebound soon.
XRP’s relative lack of movement has generated significant FUD across the cryptocurrency ecosystem, leading to some of the altcoin’s critics referring to it as a “dead coin.” Ripple’s CEO Brad Garlinghouse has expressed frustration about XRP’s current state despite its status as a cryptocurrency with a well-defined regulatory status in the U.S.
A U.S. Judge declared that XRP is not a security for secondary transactions in a July 2023 court ruling. Following the judgment, the embattled cryptocurrency’s price soared over 100% in less than 24 hours, reaching a seasonal peak of $0.93. However, the price didn’t stay high for long, as XRP dropped by about 50% shortly afterward and has remained in that range for several months.
Meanwhile, Garlinghouse has expressed surprise at the non-recognition of XRP’s regulatory status despite being relisted on major U.S. exchanges like Coinbase (NASDAQ:COIN), Gemini, Crypto.com, and Kraken. Grayscale’s investment products …
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