that much XRP Community There is a lot of dissatisfaction now, with long-term concerns growing. Poor performance of XRP price. Various community members have voiced their disappointment and criticism, urging Ripple, the world’s leading crypto solutions provider, to take decisive action to address the issues affecting the price of XRP.
XRP Enthusiasts Demand Solution to Price Fall
An XRP supporter and community member identified as “MackAttackXRP” on X (formerly Twitter) shared the post. express His frustration and anxiety about him grow. XRP price stagnation. Community members have revealed that the expected trajectory of the cryptocurrency has diverged, experiencing numerous declines or remaining in a state of fixed decline for extended periods of time.
I believe it is time to act quickly on the XRP price. Here is a heartfelt warning: @bgarlinghouse @ripple & @XRPLAbs @Joel Katz Because the community is starting to feel uneasy. Things are really going in the wrong direction for XRP.
Let’s see, I’m bringing him… pic.twitter.com/WNg7I4nXKT
— 🇳🇱 MackAttackXRP® 🇳🇱 66K-XRP-Followers (@MackAttackXRP) February 9, 2024
Once a prominent player in the space, XRP has earned a prominent place among the top performers. asset In the cryptocurrency space, it lags behind major cryptocurrencies such as Bitcoin and Ethereum. However, cryptocurrency is currently in trouble. sluggish market performanceIt is struggling to keep up with the pace set by trends in the broader cryptocurrency market.
Since 2019, cryptocurrencies have seen a significant decline in price and overall trading volume. Moreover, after an investigation by the U.S. Securities and Exchange Commission (SEC) Filed a lawsuit against RippleXRP is experiencing a decline in investment sentiment. Token Reputation It was a huge blow.
Ripple currently trading at $0.52064 on the daily chart: TradingView.com
Despite having grass apply After engaging with the wider community and finally securing legal clarity. partial victory Compared to the SEC, cryptocurrencies have not made a notable recovery. According to CoinMarketCap, the price of XRP at the time of this writing is $0.52, a sharp contrast to its all-time high of $3.84 in January 2018.
In response to hesitation price dropMac took a proactive stance by sending a “sincere warning” to Ripple’s CEO, a key figure. Brad Garlinghouse Chief Technology Officer (CTO), david schwartz. He called for more effective measures to be implemented to increase the value of XRP, highlighting the community’s anxiety and continued dissatisfaction with the price of the cryptocurrency.
The XRP community is slowly losing hope in the cryptocurrency.
Like Mack, the majority of the XRP community also expressed pessimism about XRP’s widespread decline. various XRP Holders I started to lose faith in cryptocurrencies and decided to sell my tokens or refrain from buying more XRP.
I don’t sell, but I won’t buy any more. If progress continues to be slow or not at all and heavy selling activity occurs during “interesting” times, volume will decrease.
– Crypt0Fiend21 (@Crypt0Fiend21) February 9, 2024
XRP Community Member revealed He said he sold 75% of his XRP holdings and plans to exit the market completely. Mack, who saw connections decreasing, also began selling his XRP holdings. Moreover, another member decided He said he would refrain from purchasing XRP tokens and expressed concern that the cryptocurrency’s trading volume could decline further if the current downward trend continues.
I have already sold 75% of my bags and will be closing soon. We took on very high risks and received no compensation for them.
— Tom (@tomenater) February 9, 2024
Amid growing discontent, some community members contend Ripple and its team have shown a lack of consideration for the sentiments of the community. them assert The company is only interested in internal development and strategic goals rather than the interests of retail investors.
They may not care about “community” at all.
— WhoAmI (@3CrownedKing) February 9, 2024
Do you think Ripple and the team don’t care what you or I think? They are building regardless of what the community wants, and they will build what they want too. People are becoming increasingly anxious. hi. If you know what buildings are being built, own them and invest in them.
— 🇺🇸XRP — Jason Judd (@UnionOperator) February 9, 2024
Featured image from Adobe Stock, chart from TradingView