The debate around the future of XRP took a heated turn recently when Tony Edward, the founder of the Thinking Crypto Podcast, fired back at skeptics who believe XRP is destined for failure.
In a bold tweet, Edward dismissed those predicting XRP’s demise as uninformed. He suggested that these pessimistic commentators are either overly focused on Bitcoin or motivated by self-interest due to XRP’s competition with their preferred cryptocurrencies.
Specifically, Edward criticized those claiming that “XRP is going to zero” as having low IQ scores. His remarks reflect a deep confidence in XRP’s potential, challenging doubters to reconsider their views.
Notably, Edward expressed this sentiment following a forecast suggesting that XRP is on the brink of a significant price increase.
XRP Preparing for Uptrend
Based on recent technical analysis, CRYPTOWZRD indicated that XRP is poised to move toward the $0.65 price level soon. The analyst believes XRP’s attainment of this threshold could trigger a swift rally to further highs.
This optimism builds on the positive trend XRP has been printing over the last 24 hours. Today, XRP has advanced significantly by over 8% to recapture the $0.61 price range. At press time, XRP set an intraday high at $0.6145 and continued to defend the $0.6 level.
Notably, this positive movement comes after XRP briefly declined to $0.5475 last week, which now represents a rebound of 12.23%. Observing this commendable turnaround, analysts believe XRP is poised to sustain the uptrend and potentially reclaim long-lost price thresholds.
Factors Influencing Critical Views on XRP
Critics who project a bleak future for XRP often base their statements on XRP’s broader underperformance. Before recent weeks, XRP rarely saw significant uptrends that endured, leading some to label it stagnant or a stablecoin with limited upward potential.
For instance, XRP rallied to $0.64 after Ripple won its lawsuit but declined to $0.545 days later. Moreover, market data shows that among the top 100 crypto assets with the biggest valuation, XRP ranks behind 84 others in yearly performance.
In other words, despite its prominence, XRP’s performance over the past year has not matched the growth seen by 84% of its peers.
This trend, coupled with the fact that XRP last reached an all-time high six years ago, has led some critics to describe it as dead.
Meanwhile, proponents like Edward argue that such judgments are premature. They believe XRP is positioned to benefit as the broader crypto market expands.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
