Criticism rains down on Ripple amid the euphoria for XRP

Trader and influencer David Battaglia sparked a debate on X about Ripple's role in the development of CBDCs.

For Battaglia, the XRP token is rising in price due to FOMO.

Some believe the bubble will soon burst.

After observing the enthusiasm that Ripple's XRP is generating in the market, trader and influencer David Battaglia launched a series of negative comments on X, mentioning the role that Ripple, the company issuing the token, plays in the development of central bank digital currencies (CBDCs).

XRP is excrement that the company Ripple uses to dump tokens in order to finance the construction of the CBDCs that will enslave you, son, Battaglia expressed, responding to a mention from a follower saying that Ripple's currency was better than bitcoin (BTC).

Battaglia's message immediately sparked a debate on the social network, in which a series of tweets criticized XRP. A large majority of the messages supported the influencer's idea, although some acknowledged a certain utility of the token.

In this regard, the trader reiterated an idea he has expressed on other occasions, when he predicted that XRP would likely rise in price due to the FOMO (fear of missing out) that would drive purchases. He maintains that it is fine to take advantage of these situations to speculate and trade.

I agree, as long as fiat exists, this currency can have a lot of upside potential. And the more it rises, the more BTC can be acquired with it. It's the play that should be made. Just like with memes and shitcoins, which are going to rise ridiculously, expressed the user identified as Nicolás Alarcón. This, while others focused on the use of the Ripple platform for the issuance of CBDCs.