Cryptocurrency lawyer John Deaton, known as an XRP advocate, provided some important insight into what needs to happen before the price of XRP rises significantly from its current level of around $0.65. Is this a message to XRP holders? Let’s explore.
According to Deaton, the rise of Bitcoin serves as a catalyst for altcoins like XRP. He said, “XRP has not escaped Bitcoin. “No matter how much you or anyone else wants to deny it, it’s just a fact.” This statement comes after staunch XRP supporters. express I was disappointed to learn that Deaton also owns Bitcoin.
Deaton’s light-hearted response didn’t appease all XRP holders, but it provided some much-needed humor amid rising tensions. The exchange between Deaton and Shelton highlights the ongoing debate within the cryptocurrency community regarding the relative importance of various digital assets.
Debate over the importance of digital assets
Recent XRP Users Peter Shelton John Deaton recently expressed his disappointment with the focus on promoting Bitcoin (BTC) instead of XRP. Shelton claimed that the change was a “lack of respect” for the XRP military.
However, Deaton countered this view by explaining that I emphasized no. He later rejected both Bitcoin maximalism and XRP maximalism.
XRP rebounds
Despite Deaton’s point about the correlation between XRP and Bitcoin, XRP has seen some positive movement recently. It has risen 5% in the last 24 hours, reaching $0.65. But even this small gain is closely tied to Bitcoin’s recent surge to $44,000.
Overall, Bitcoin’s rise will definitely help XRP. Deaton’s message is a reminder that altcoins like XRP are still heavily influenced by Bitcoin’s performance. If you are an XRP holder hoping for a significant price increase, you may want to start rooting for Bitcoin as well. Ultimately, as Deaton said, Bitcoin’s success can be seen as a bullish move that lifts all cryptocurrency boats, including XRP.