Ripple News Today – XRP Community In Disarray As They Predict The Future Of Ripple and XRP Falls By Over 10% Within 24 Hours – May 10th, 2020

Ripple XRP Price Prediction
  • Ripple XRP Army Debates on the Future of Ripple And the XRP Token
  • Ripple XRP Price Falls By More Than 10% Within 24 Hours After Losing Key Support at $0.22 Which Was Established Yesterday 

Ripple News Today – Ripple XRP has been enduring the bear market since 2018. Ever since the XRP token reached its all-time high, it has been struggling to recover against the USD. Many investors in the XRP community have sold out their tokens and stepped out of the market. Yesterday, the few members of the XRP community left had a debate about the future of Ripple and the XRP token. Some prominent members of the community said that there is hope for the XRP token while some others said that they are not sure if the XRP token will recover.

Ripple News Today – XRP Army Debates on the Future of Ripple and XRP

One of the most prominent members of the XRP community, Alex Cobb, said that the XRP token was bullish throughout 2017. He pointed out that during the bull run, the XRP token surged from $0.2330 to $3.84 within a few weeks. This reflected a 1,500% increase in price. According to him, this means that the token has strong potential and the current price action doesn’t mean that there is no hope for the token. Anything can happen at a moment’s notice.

XRP (XRP) Price Today – XRP / USD

NamePrice24H %
ripple
XRP(XRP)
$0.00-0.80%

Arturo Portilla, another well-known member of the XRP community, said that Ripple isn’t getting enough credit in the cryptocurrency community. He said that the blockchain company has made a lot of effort in promoting a legitimate business model, increasing corporate adoption, and working with regulators at the same time. In his words;

“Someday, the anti-Ripplers will have no option but to acknowledge what the company did for the whole industry in the early days of crypto, regardless of how bad they want to see Ripple failing. The fact is that no other company (or group of companies) has spent nearly the same amount of resources, time, and talent to bring legitimacy to the crypto space.”

Unfortunately, not everyone in the XRP army had positive remarks for Ripple. A Ripple investor known only as Stuart said that the price performance of XRP is discouraging when compared to the token’s potential. In his words;

“XRP has the most potential. XRP has the best team Ripple pushing XRP into the largest trillion dollar + markets in the world. XRP has a real utility being used today. XRP’s price performance over the last few years has been pathetic for some investors. Being Rekt is not fun.”

At the time of writing, the XRP token was trading at $0.198384. This means that it is down by 9.90% against the USD and down by 0.27% against the price of Bitcoin. The trading volume over a 24 hour period is $2,836,322,694 and the market capitalization is $8,751,268,646.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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