Franklin

Create

when

Despite <a href="https://bitcoinist.com/xrp-price-action-legal-expert/" target="_blank" rel="noopener ">XRP’s relatively stagnant price</a>, bullish cases continue to be made for the token. This time, a member of the <a href="https://bitcoinist.com/xrps-underperformance-ruffles-feathers-as-community-asks-ripple-to-do-something-about-price/" target="_blank" rel="noopener ">XRP community</a> has alluded to a clip by a top executive to remind the community of <a href="https://www.newsbtc.com/analysis/xrp/xrp-price-rise-390000-to-2500/#:~:text=Holders%20Need%20To%20Be%20More,gain%20for%20investors%20by%202029." target="_blank" rel="noopener nofollow">the token’s potential</a> amidst concerns about its underperformance.&nbsp; 
<h2 id="xrp-presents-an-opportunity-to-become-incredibly-wealthy">XRP Presents An Opportunity To Become Incredibly Wealthy</h2> 
Versan Aljarrah, a prominent member of the XRP community, recently <a href="https://x.com/VersanAljarrah/status/1756009925250031803?s=20" target="_blank" rel="noopener nofollow">shared</a> a clip on his X (formerly Twitter) platform. In the clip, Miles Franklin CEO Andy Schetman makes a case for XRP and how it can allow everyone to become “incredibly wealthy.” He noted how XRP’s price allows anyone to throw in a “<a href="https://www.newsbtc.com/analysis/xrp/100-xrp-needed-to-become-a-millionaire-research-suggests/" target="_blank" rel="noopener nofollow">modest amount of money</a>” and still make good returns.&nbsp;&nbsp; 
Schetman also spoke about <a href="https://bitcoinist.com/bitcoin-stand-with-depleting-dollar-dominance/" target="_blank" rel="noopener ">De-dollarization</a> and warned about the need to embrace or get “rolled by the changes.” He suggested that tokens like XRP are a “great alternative to the US dollar.” De-dollarization is the process whereby the world moves away from the US Dollar as the chief reserve currency.&nbsp; 
Interestingly, XRP has long been projected as one of the currencies that could replace the US Dollar as the world’s reserve currency. Bitcoinist also <a href="https://bitcoinist.com/ripple-xrp-reserve-currency-stablecoins-dex/" target="_blank" rel="noopener ">recently reported</a> that Ripple’s goal was to help XRP attain this position. Meanwhile, analysts have <a href="https://www.newsbtc.com/analysis/xrp/100-xrp-needed-to-become-a-millionaire-research-suggests/" target="_blank" rel="noopener nofollow">predicted</a> that XRP will see incredible gains when that happens. 
Therefore, Schetman could have been hinting at this when he mentioned how XRP could make anyone incredibly wealthy as it provides a better alternative to the US Dollar.&nbsp; 
<h2 id="xrp-community-losing-their-patience">XRP Community Losing Their Patience</h2> 
The re-emergence of Schetman’s video comes at a time when the XRP community is becoming more frustrated with the crypto token’s underperformance. Bitcoinist <a href="https://bitcoinist.com/xrps-underperformance-ruffles-feathers-as-community-asks-ripple-to-do-something-about-price/" target="_blank" rel="noopener ">reported</a> how a community member known as ‘MackAttackXRP’ called out <a href="https://bitcoinist.com/ripple-ceo-dogecoin-details/" target="_blank" rel="noopener ">Ripple’s CEO Brad Garlingouse</a> and warned him about the community’s restlessness.&nbsp; 
This move again highlights some community members’ belief that Ripple has a hand in XRP’s underperformance. Pro-XRP crypto YouTuber Jerry Hall had <a href="https://bitcoinist.com/crypto-expert-xrp-price-suppressed/" target="_blank" rel="noopener ">previously mentioned</a> that he believed the crypto firm was suppressing the token’s price with their monthly XRP sales. 
Meanwhile, the XRP community had <a href="https://bitcoinist.com/ripple-cto-burn-xrp-holdings/" target="_blank" rel="noopener ">also called</a> on Ripple to burn its escrowed XRP tokens to boost their value. However, Ripple’s Chief Technology Officer (CTO), David Schwartz, explained that such a move would yield no “real benefits.”&nbsp; 
Whatever the case, it is evident that the community is losing patience and needs XRP to show some form of bullish momentum soon enough, or it could spark a trend where community members begin to dump their tokens.&nbsp; 
At the time of writing, XRP is trading at around $0.52, up over 2% in the last 24 hours, according to <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener nofollow">data</a> from CoinMarketCap. 
<img loading="lazy" decoding="async" class="wp-image-280981 size-large" src="https://bitcoinist.com/wp-content/uploads/2024/02/ripple-xrp-xrpusdt.png?resize=980%2C468" alt="ripple xrp xrpusdt" width="980" height="468" srcset="https://bitcoinist.com/wp-content/uploads/2024/02/ripple-xrp-xrpusdt.png?w=2372 2372w, https://bitcoinist.com/wp-content/uploads/2024/02/ripple-xrp-xrpusdt.png?w=640 640w, https://bitcoinist.com/wp-content/uploads/2024/02/ripple-xrp-xrpusdt.png?w=768 768w, https://bitcoinist.com/wp-content/uploads/2024/02/ripple-xrp-xrpusdt.png?w=980 980w, https://bitcoinist.com/wp-content/uploads/2024/02/ripple-xrp-xrpusdt.png?w=1536 1536w, https://bitcoinist.com/wp-content/uploads/2024/02/ripple-xrp-xrpusdt.png?w=2048 2048w, https://bitcoinist.com/wp-content/uploads/2024/02/ripple-xrp-xrpusdt.png?w=750 750w, https://bitcoinist.com/wp-content/uploads/2024/02/ripple-xrp-xrpusdt.png?w=1140 1140w" sizes="(max-width: 980px) 100vw, 980px" data-recalc-dims="1"> 
Cover image from Dalle-E, chart from Tradingview

XRP Is Golden Opportunity To Create Wealth, Top Executive Explains Why

Table of Contents

Bitcoinist

Other articles published on Feb 13, 2024

Imminent crisis: The astronomical debt of the United States and its shadow over the world.

Hidden Gem Altcoin: Potential for 1000X Growth?

Proyek Kripto Baru GameStop Tantang Bitcoin dan Dogecoin

American University of Sharjah and Sui Launch Blockchain Academy to Seed the Next Generation of w...

Kraken sets sights on crypto ETF custody amid Ethereum ETF buzz

Tek Experts and Cytek Unveil State-of-the-Art Security Operations Centre to Protect Businesses in...

Join our free newsletter for daily crypto updates!