Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
A crypto analyst has identified the reason behind the XRP price struggle to reach $100. Contrary to what most investors would think, the analyst argues that XRP price struggles are not particularly due to Ripple\u2019s ongoing legal battle with the United States Securities and Exchange Commission (SEC). Rather, he believes that it is a result of an acquired negative perception about XRP amongst investors and the broader crypto community.\u00a0 The Truth Behind XRP Price Stagnation Earlier this month, Levi Rietveld, a popular crypto analyst took to X (formerly Twitter) to discuss the underlying reason why XRP\u2019s price has remained stagnant and why it continues to fall short of reaching the elusive $100 milestone.\u00a0 Related Reading: Here\u2019s Why Bitcoin Price Crashed Below $54,000 While many may likely attribute XRP\u2019s price woes to its over three years long legal battle with the SEC, Rietveld offers a different perspective. He suggests that XRP\u2019s struggles and lack of widespread global adoption is largely driven by the spread of misinformation, which has been severely damaging and undermining the cryptocurrency and the broader industry.\u00a0 The analyst singled out a well known financial expert, Raoul Pal, accusing him of spreading hate towards the XRP community and criticizing him for his negative commentary about XRP. Rietveld emphasized that Pal is a highly respected and influential figure in the crypto community, as such his words can significantly impact or alter the perception of investors.\u00a0 Additionally, the analyst revealed that Pal has repeatedly urged XRP investors to abandon the cryptocurrency and invest in what he views as superior alternatives, such as Ethereum (ETH) and Solana (SOL).\u00a0 Shedding light on the current market behavior and price dynamics of XRP, Ethereum, and Solana, Rietveld underscored\u00a0XRP\u2019s strong fundamentals, highlighting that the cryptocurrency has vastly outperformed numerous coins, including SOL.\u00a0Over the last seven days, XRP\u2019s price has increased by roughly 6%, while Solana is down 0.2% in the same period.\u00a0 The analyst also refuted Pal\u2019s assertion that investing in XRP amounts to being a part of a cult, arguing instead that it reflects a genuine belief in the technological innovation of this pioneer cryptocurrency. Rietveld also highlighted comments Pal made during one of his many YouTube videos, where he described XRP as a relic from past bull cycles. Addressing Pal\u2019s claims, Rietveld disclosed that despite the legal challenges from the Ripple-SEC dispute, XRP has demonstrated remarkable resilience. He noted that the cryptocurrency has also played a crucial role in providing well needed legal clarity for other cryptocurrencies following its classification as a non-security by the court. Can XRP Hit $100 If Market Sentiment Improves? During his post, Rietveld praised XRP for its technological prowess, highlighting that the cryptocurrency was fundamentally far superior to 99.9% of all cryptocurrencies in the market. He suggested that XRP\u2019s price could potentially hit the coveted $100 mark if the negative sentiment surrounding the cryptocurrency dissipates.\u00a0 Related Reading: Bitcoin Fear & Greed Index Falls To Extreme Fear, Is The Bottom Close? To combat this, Rietveld has proposed that XRP supporters should constantly address criticisms of the coin with concrete facts that demonstrate XRP\u2019s value in the market. Additionally, he urged investors to stand against bad actors who spread misinformation and speak ignorantly about XRP.\u00a0\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":638695,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83363],"tags":[167,6664,26263,14690,3680,17209,4531,83637,13172,10972,78763],"class_list":["post-640535","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-ripple","tag-ripple-news","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n
XRP Price To $100: Why Has It Not Hit This Price Yet?<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n