Pundit Calls Ripple’s XRP “Biggest Scam In Crypto” Amid Delay In Hitting New All-Time Highs

Prominent crypto analyst Max Prime has recently labeled Ripple’s XRP as the “biggest scam in crypto” amid the cryptocurrency’s struggle to regain its valuation. Despite Ripple’s legal victories and a smaller-than-expected penalty of $125 million imposed by the U.S. Securities and Exchange Commission, XRP’s price has remained stagnant. Analyst Rob Cunningham also expressed doubts about the long-term value of XRP and questioned its lack of movement. Ripple’s regular release of XRP from its escrow account has faced criticism, with some claiming it leads to increased volatility and disadvantages retail investors. However, staunch supporters believe in XRP’s potential, citing its partnerships with financial institutions. Analyst Doctor Profit highlighted a resistance level at $0.72, suggesting a potential breakout and targets above $1 by early 2025. Despite the criticism, XRP was trading at $0.59 at the time of writing, reflecting a slight growth of 0.48% in the past 24 hours.