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Ripple CTO Comments on XRP Price Not Rising Despite BTC Reaching $89K

Author: Content Editor
The XRP community is growing increasingly frustrated with the cryptocurrency's lackluster performance, especially as Bitcoin reaches new heights and other altcoins, like Dogecoin and Solana, surge in price. XRP has only recently reached a two-month high, while Dogecoin has seen a 200% increase in the past seven days alone. Community members have expressed their annoyance with Ripple's CTO, David Schwartz, urging him to do something about XRP's stagnant price. In response, Schwartz defended himself, stating that the value of his own XRP holdings had fluctuated similarly to other investors and that his efforts to increase XRP's value were no different from those made on behalf of the broader XRP community. However, critics argue that Ripple has sold billions of dollars worth of XRP over the years without reinvesting in the ecosystem or incentivizing developers. On the legal front, a legal expert pointed out that the SEC's treatment of XRP and Bitcoin creates an unfair advantage for Bitcoin, as XRP faces restrictions due to ongoing legal proceedings. The SEC is currently appealing the court's ruling that Ripple's programmatic sales of XRP were not investment contracts.

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