Singapore-based cryptocurrency trading platform Bitrue has issued a call to the cryptocurrency community, urging them to assess the current market price of XRP and stock up before it surges. Bitrue, known for its strong support for XRP, boldly stated, “It is never too late to buy XRP.”
However, this message from Bitrue received mixed reactions from the cryptocurrency. While some users took this positively, many members of the cryptocurrency community reacted negatively. They pointed to the factual observation that the price of XRP has been stagnant and unchanged for several years. Three years have passed and XRP has yet to see the full moon even after gaining legal status.
On the other hand, the on-chain investigator Mr. Huber said agreed Bitrue said, “It’s true! It’s never too late to buy XRP. Because you can always buy it at a healthy price.” At the same time, other users said that even 10 years later, XRP can be found at the same or lower price.
XRP stagnates amid cryptocurrency boom
The cryptocurrency community has been outraged since the fourth quarter of 2023. This is especially true as the sixth-largest cryptocurrency has experienced explosive growth, while XRP has remained relatively stagnant. Our analysis shows that XRP’s current market price of $0.52 is exactly what it was at five years ago and stands in stark contrast to competitors like Cardano and Ethereum, which have both seen over 1,000% growth over the same period. Even Solana overtook XRP to occupy the 5th position in the market for a long time.
However, XRP supporters initially attributed the coin’s performance to the SEC lawsuit. The digital asset won its legal battle, but its price appears to be stuck in a cycle of pumping and dumping.
Factors Affecting XRP Price
The resolution of the SEC settlement fuels the surge in XRP. Rumors are swirling around a possible Ripple IPO launch this year, increased cryptocurrency legislative support, institutional adoption, and expectations of a broad market rally due to the Bitcoin halving. However, there are concerns about long-term liquidity due to the impact of the XRP IPO.
In conclusion, Bitrue’s cryptic comments have left investors wondering whether XRP will remain the same and investors may miss out, or whether a bullish phase could come with the launch of the IPO, as many expected. The XRP community seems divided. What do you think about XRP’s steady or rapid rise? The mystery continues!