XRP Frustrations Mount as Altcoin Stalls While Market Booms

XRP hodlers are feeling the heat!

While Bitcoin surges towards $90,000 and the crypto market explodes past $3 trillion, XRP remains frustratingly stagnant.

Here's the breakdown:

XRP is currently at $0.60, a measly 12% gain in the last 24 hours.

Meanwhile, Dogecoin is on a tear, up over 200% in a week!

Even after a brief two-month high, XRP is lagging behind other altcoins.

Community Outrage:

This lackluster performance has the XRP army fuming. Many are pointing fingers at Ripple executives, particularly CTO David Schwartz, demanding action to boost the price.

Schwartz Fires Back:

Schwartz defended himself, highlighting that his own XRP holdings have suffered the same fluctuations. He emphasized his commitment to the entire XRP community's success.

But the anger persists:

Critics argue that despite Schwartz's claims, Ripple's actions haven't reflected that commitment. They point to:

Billions of XRP sold by Ripple over the years, allegedly without reinvestment.

A perceived over-focus on courting banks (seen as a failed strategy).

The Legal Angle:

Legal expert Bill Morgan sheds light on a potential reason for XRP's woes: the SEC lawsuit.

The court ruling on XRP sales not being investment contracts hinged on Ripple's lack of promotion to retail investors.

This restriction, absent for Bitcoin, creates an "unfair advantage" for the leading crypto.

So, what's next for XRP?

The future remains uncertain. The ongoing SEC case and legal limitations make it difficult for Ripple to directly promote XRP. Until then, XRP hodlers may have to endure this frustrating holding pattern.

What are your thoughts? Is XRP due for a breakout, or is the frustration justified? Let us know in the comments!

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