XRP is one of the most hated coins in the crypto world, and there are several reasons for this. One of the main reasons is its short-lived price spikes, which often only last four to five weeks before leading to sharp corrections. This inconsistent performance has led many to view XRP as a less reliable investment option.
Another reason for the discontent towards XRP is Ripple’s monthly sales of XRP from escrow accounts, which some critics claim is suppressing the price and hindering its growth. However, Ripple’s management has consistently denied these claims.
Additionally, the high amount of XRP has been a point of controversy since its launch. Some investors see this as a negative factor, contributing to the currency’s unpopularity.
Despite these criticisms, XRP remains a leading altcoin and has managed to maintain a strong presence in the market. Some analysts are even predicting a bullish future for XRP, with potential price targets ranging from $11 to $27.$XRP