The XRP community is still as ardent, with price debates, predictions and arguments enlightening crypto forums. While XRP showed a strong recovery of the fall last weekend, online chatter reveals a divided community with some calling it “scam”, while others remain convinced that it is one of the best long-term pieces of crypto.
Bears growl
Not everyone is impressed by the recent XRP movements. A Reddit user asked to fully:
“Why did XRP failed so miserably? Almost any other investment seems to have done better in the long term.”
The hardest criticisms underlined the first gaps in the big book of XRP, the control of Ripple on the supply of tokens and the concerns of centralization as reasons why they believe that the token is not fit in the decentralized future of Crypto.
The faithful defenders saw back
On the other hand, supporters explained the price gains of 350% XRP in the past year and its coherent presence in the best cryptocurrencies by market capitalization. Many users have argued that despite criticism, XRP has managed to survive several market cycles, regulatory battles and negative press, surpassing countless altcoins that have disappeared.
XRP price summary
Despite the drama, XRP prices action seemed constructive this week. After a clear drop at around $ 2 during geopolitical tensions last weekend, the token has strongly rebounded, recovering its June range. At the time of writing the editorial staff, XRP regularly holds $ 2.15 to $ 2.20 with a healthy negotiation volume.
The recovery was helped by an improved feeling as tensions of the Middle East relaxed and the markets at the cost of a possible American interest rate later this year.
While people have discussed XRP, the old price forecasts started to appear, including the famous $ 10,000 target. Most experts still believe that it is long -term, but some believe that XRP could rally if the regulations become clearer and that large institutions are starting to use it more.
