{"id":640535,"date":"2024-09-08T08:00:14","date_gmt":"2024-09-08T08:00:14","guid":{"rendered":"https:\/\/uniquehot.com\/?p=640535"},"modified":"2024-09-07T21:02:20","modified_gmt":"2024-09-07T21:02:20","slug":"xrp-price-to-100-why","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-to-100-why\/","title":{"rendered":"XRP Price To $100: Why Has It Not Hit This Price Yet?"},"content":{"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 <\/span>XRP price struggles<\/span><\/a> are not particularly due to Ripple\u2019s ongoing <\/span>legal battle<\/span><\/a> with the United States Securities and Exchange Commission (SEC). Rather, he believes that it is a result of an acquired <\/span>negative perception about XRP <\/span><\/a>amongst investors and the broader crypto community.\u00a0<\/span><\/p>\n

The Truth Behind XRP Price Stagnation<\/h2>\n

Earlier this month, Levi Rietveld, a popular crypto analyst took to X (formerly Twitter) to <\/span>discuss<\/span><\/a> the underlying reason why <\/span>XRP\u2019s price has remained stagnant<\/span><\/a> and why it continues to fall short of reaching the elusive $100 milestone.\u00a0<\/span><\/p>\n

Related Reading: Here\u2019s Why Bitcoin Price Crashed Below $54,000<\/a><\/div>\n

While many may likely attribute <\/span>XRP\u2019s price woes <\/span><\/a>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 <\/span>global adoption<\/span><\/a> is largely driven by the <\/span>spread of misinformation<\/span><\/a>, which has been severely damaging and undermining the cryptocurrency and the broader industry.\u00a0<\/span><\/p>\n

The analyst singled out a well known financial expert, <\/span>Raoul Pal<\/span><\/a>, accusing him of spreading hate towards the <\/span>XRP community<\/span><\/a> 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<\/span><\/p>\n

Additionally, the analyst revealed that Pal has repeatedly urged <\/span>XRP investors<\/span><\/a> to abandon the cryptocurrency and invest in what he views as superior alternatives, such as Ethereum (ETH) and <\/span>Solana (SOL)<\/span><\/a>.\u00a0<\/span><\/p>\n

Shedding light on the current market behavior and price dynamics of XRP, Ethereum, and Solana, Rietveld underscored\u00a0<\/span>XRP\u2019s strong fundamentals<\/a>, highlighting that the cryptocurrency has vastly outperformed numerous coins, including SOL.<\/span>\u00a0Over the last seven days, <\/span>XRP\u2019s price<\/span><\/a> has increased by roughly 6%, while Solana is down 0.2% in the same period.\u00a0<\/span><\/p>\n

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 <\/span>technological innovation <\/span><\/a>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.<\/span><\/p>\n

Addressing Pal\u2019s claims, Rietveld disclosed that despite the legal challenges from the Ripple-SEC dispute, <\/span>XRP has demonstrated remarkable resilience<\/span><\/a>. He noted that the cryptocurrency has also played a crucial role in providing well needed <\/span>legal clarity<\/span><\/a> for other cryptocurrencies following its classification as a non-security by the court.<\/span><\/p>\n

Can XRP Hit $100 If Market Sentiment Improves?<\/h2>\n

During his post, Rietveld praised XRP for its <\/span>technological prowess<\/span><\/a>, 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 <\/span>hit the coveted $100 mark <\/span><\/a>if the negative sentiment surrounding the cryptocurrency dissipates.\u00a0<\/span><\/p>\n

Related Reading: Bitcoin Fear & Greed Index Falls To Extreme Fear, Is The Bottom Close?<\/a><\/div>\n

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<\/span><\/p>\n

\"XRP
XRP price sees multiple dips | Source: XRPUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
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":"\nXRP Price To $100: Why Has It Not Hit This Price Yet?<\/title>\n<meta name=\"description\" content=\"A crypto analyst has identified the 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Price To $100: Why Has It Not Hit This Price Yet?","url":"http:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-to-100-why\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-to-100-why\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/XRP-Tight-Range.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/XRP-Tight-Range.jpg?fit=1792%2C1024"},"articleSection":"XRP","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","crypto","crypto analyst","crypto news","ripple","ripple news","xrp","xrp news","xrp price","xrpusd","xrpusdt"],"dateCreated":"2024-09-08T08:00:14Z","datePublished":"2024-09-08T08:00:14Z","dateModified":"2024-09-08T08:00:14Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price To $100: Why Has It Not Hit This Price Yet?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/xrp\\\/xrp-price-to-100-why\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/xrp\\\/xrp-price-to-100-why\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/XRP-Tight-Range.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/XRP-Tight-Range.jpg?fit=1792%2C1024\"},\"articleSection\":\"XRP\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"crypto\",\"crypto analyst\",\"crypto news\",\"ripple\",\"ripple news\",\"xrp\",\"xrp news\",\"xrp price\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2024-09-08T08:00:14Z\",\"datePublished\":\"2024-09-08T08:00:14Z\",\"dateModified\":\"2024-09-08T08:00:14Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/XRP-Tight-Range.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/640535"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=640535"}],"version-history":[{"count":1,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/640535\/revisions"}],"predecessor-version":[{"id":640537,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/640535\/revisions\/640537"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/638695"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=640535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=640535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=640535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}