CandleFocus Expert Pledges Never to Touch XRP Again; Here’s Why
2024-10-26
Author: Content Editor
Prominent crypto expert Elite Crypto has expressed frustration with XRP and has pledged never to touch the cryptocurrency again. The expert cited two primary reasons for this decision. First, Elite Crypto criticized XRP's stagnant price movement over the past two years, comparing it to a stablecoin. Second, the expert was displeased with Ripple co-founder Chris Larsen's donation of $10 million worth of XRP to the Kamala Harris presidential campaign. Notably, the XRP community has widely criticized Larsen's donation, as they do not want any ties with the U.S. vice president due to her affiliation with the current administration. The community believes that the current administration has been aggressive toward crypto, making Ripple and XRP victims. Despite the criticism and ongoing lawsuit with the SEC, Larsen still made the donation. This act has shifted the narrative from "Ripple dumps XRP on holders" to "Kamala dumps XRP on holders." Some enthusiasts have criticized Ripple for selling large amounts of XRP monthly, which they believe negatively impacts the coin's performance. Overall, the XRP community has expressed disappointment and frustration with the current state of affairs surrounding the cryptocurrency.
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