Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
What Happens If XRP Price Fails to Run With Top Cryptos This Cycle

What Happens If XRP Price Fails to Run With Top Cryptos This Cycle

TimestabloidTimestabloid2023/07/14 16:00
By:By Tobi Loba

A recent post by cryptocurrency expert WrathofKahneman (@WKahneman) has sparked a conversation regarding XRP’s market performance and future potential, especially if it fails to “run with everything else” in this anticipated crypto cycle.

The community shared varying views on XRP’s viability as a long-term investment, the timing of RLUSD’s launch, and the importance of adoption and implementation in achieving success.

The backdrop of this discussion is the XRP Ledger (XRPL), which has proven to be a stable and consistent platform. As WrathofKahneman noted, the technology behind XRP and XRPL remains solid, with XRPL continuing to operate reliably.

However, in the highly competitive crypto market, reliability alone may not be enough to attract sustained retail investment. Investors require price increases, and they have questions about whether XRP can keep up with broader market movements and whether a significant capitulation event could occur if it doesn’t perform well this cycle.

The Debate About XRP’s Future

One user highlighted the slow growth of XRP as an investment, noting that it “has been a terrible long-term investment, so far.” WrathofKahneman pointed out that XRP’s performance can depend on “entry point and comparison.” Early adopters, he noted, may still be experiencing gains compared to traditional stocks and some cryptocurrencies.

However, he acknowledged that XRP has not outpaced major cryptocurrencies like Bitcoin (BTC) or traditional stocks like Tesla (TSLA). While XRP may have shown reasonable returns for early investors, the absence of explosive growth may limit speculative appeal. However, a notable crypto expert recently compared XRP to Tesla shares , suggesting the digital asset could mirror its performance soon.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Another interesting viewpoint in the discussion related to potential regulatory shifts, particularly the impact of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s future at the agency.

One user speculated that XRP might see gains when Gensler exits. This has been a popular topic of speculation within the crypto community, as Donald Trump promised to fire Gensler on his first day in office, and there are reports that he is considering a pro-crypto replacement .

Can RLUSD Help XRP?

However, a key point of concern centers on RLUSD, an upcoming stablecoin for the XRPL. This project is an important component of XRPL’s value proposition, but delays due to regulatory factors appear to be out of Ripple’s control.

One investor noted that if RLUSD launches too late, XRP may miss its chance to capitalize on this market cycle. He also believes that XRP may be “outperformed by other retail-focused projects without timely adoption and real-world use.”

WrathofKahneman shared this sentiment, expressing hope that RLUSD would boost on-ledger activity and liquidity, potentially increasing XRPL’s attractiveness.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

Follow us on Twitter , Facebook , Telegram , and Google News

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

BTC breaks through $97,500

Cointime2024/11/24 12:33

DOT breaks through $8.5

Cointime2024/11/24 12:33

Data: BTC market share falls below 59%

Cointime2024/11/24 12:33

SOL breaks through $250

Cointime2024/11/24 12:00