XRP Between Criticism and Speculation: An Unpleasant Reality for Holders

The sad reality for those who believe in XRP’s long-term potential is becoming increasingly clear. Renowned crypto commentator Crypto Bitleord recently posted a series of tweets warning investors that the asset has turned into a meme and may face a serious sell-off. Currently, XRP is trading at $1.36, down 0.80% over the past 24 hours, reflecting market instability and growing skepticism.

Voice of Experience: Crypto Bitleord and David Schwartz Warn the Market

Crypto Bitleord, who has long supported XRP, has sharply changed his stance. In his analysis, he pointed out systemic issues starting with the actions of Ripple’s management. David Schwartz, the former CTO of the company, added further awkwardness by revealing in his comments that he started selling XRP at $0.10, as he did not expect the price to reach $0.25 at all. This admission from one of the project’s key creators undermined community trust and raised questions about the team’s internal conviction in their own project.

From Ambitious Promises to a Speculative Asset

Crypto Bitleord criticized XRP’s founders for years of large token sales. When the project was introduced to the market, it was positioned as the future of payment systems. However, billions of distributed tokens and the lack of a truly breakthrough technology led XRP to transform from a promising project into a speculative asset. Former CTO Schwartz began selling at $0.10, and now the price fluctuates around $1.36, indicating volatility typical of assets under speculative pressure.

Current Market Conditions and Holder Reactions

Crypto Bitleord’s analysis suggests that XRP could fall significantly below current levels, potentially experiencing a substantial decline in value. This forecast is driven by negative signals from project leaders and the increasing market belief that developers’ interests do not align with those of token holders. Investors, especially early participants, are beginning to reevaluate their positions, adding pressure to the price.

A Need for Reassessment of Management and Trust

Crypto Bitleord proposes a more radical solution: active community involvement in Ripple’s governance. With Schwartz’s departure and rising criticism from analysts, the project needs to restore trust. Delegating more responsibility to XRP holders could shift decision-making toward user interests rather than a small group of leaders. This could include collective influence on strategic decisions and greater transparency regarding the project’s development plans.

If Ripple continues on its current path without fundamental changes in management and communication, the risk of further erosion of trust in XRP remains high. The community expects not promises of a payment revolution but concrete actions and confirmation of the developers’ long-term commitment to the project.