Ripple’s CEO, Brad Garlinghouse, expressed his surprise at the lack of recognition for XRP’s regulatory status despite being relisted on major US exchanges. XRP, a cryptocurrency with a well-defined regulatory status in the US, has faced significant FUD (Fear, Uncertainty, and Doubt) in the cryptocurrency ecosystem, leading some to label it as a “dead coin.” Despite a US judge ruling in July 2023 that XRP is not a security for secondary transactions, its price has not seen significant movement. After initially surging over 100% following the court ruling, XRP quickly dropped by about 50% and has remained within that range for several months.
A renowned XRP supporter, BarriC, has debunked the notion that XRP’s price has been stagnant since 2017. On Twitter, BarriC shared XRP’s price ranges across different seasons, highlighting how the cryptocurrency has performed over the years despite facing challenges. He emphasized that XRP performs differently than the majority of the crypto market due to the Ripple lawsuit and delistings that caused FUD and hysteria in 2021. BarriC advised crypto users to look into XRP’s future and expect an explosive move in the next bull run.
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