Rally

Bitcoin

<p>As Bitcoin charges past $89,000 and the total crypto market cap surpasses $3 trillion, the Ripple community are expressing frustration over the token’s stagnant price.</p> 
<p>Bitcoin’s recent surge, climbing from $68,357 to $89,604 within a week. It has inspired gains across various altcoins, including&nbsp;<a href="https://www.thecoinrepublic.com/2024/11/11/dogecoin-up-350-from-bottom-but-doge-price-still-has-a-long-way-to-go/">Dogecoin</a>, which has seen a 200% rise in the past seven days.</p> 
<p>However, XRP has shown relatively limited progress, hitting just $0.6767—a two-month high—causing many in the XRP community to question Ripple’s leadership.</p> 
<p>Despite an impressive 16% gain in the last 24 hours, XRP’s movement remains sluggish in comparison to other major cryptos.</p> 
<p>Bitcoin continues to shatter records, and assets like Solana are approaching prior all-time highs. However,&nbsp;<a href="https://www.thecoinrepublic.com/price-prediction/xrp/">XRP price</a>&nbsp;seems to struggle with upward momentum. This performance gap has left irritated investors to turn their anger directly to Ripple’s top leadership. Notably CTO David Schwartz, called on them to ‘do something’ about it to bring about better performance for XRP.</p> 
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   <p lang="en" dir="ltr">Do something about <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> LOL <br>Look at how Charles pumps cardano, why can't you guys do the same for the XRP community</p>— Nadir Ahmed (@NadirAh18051837) <a href="https://twitter.com/NadirAh18051837/status/1856059654842863845?ref_src=twsrc%5Etfw">November 11, 2024</a>
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<h2 class="wp-block-heading" id="strong-xrp-community-tension-reaches-new-levels-strong"><strong>XRP Community Tension Reaches New Levels</strong></h2> 
<p>There is still an open legal case between Ripple and the SEC which has not only created uncertainty surrounding XRP, but also negative sentiment for it. </p> 
<p>More recently to the case, Schwartz had to reconsider his own earlier work examining “investment contracts” where, he&nbsp;noted,&nbsp;Ripple never guaranteed that XRP would appreciate in value.</p> 
<p>He argued that one can invest in an artwork and there is no way XRP investors can compel Ripple to offer them financial value. This assertion, nonetheless, has created frictional sentiments among investors especially with some of them accusing Ripple of not weighing the holders of XRP.</p> 
<p>XRP price remained almost stagnant at $0.01 for the last seven years and one user said it was a ‘waste of time and money’ for holding XRP and blamed Schwartz as well as Ripple for not supporting the XRP ecosystem.</p> 
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   <p lang="en" dir="ltr">Conceptually you have taken all the dividens for yourself David. Nobody has made a penny off <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> from holding it for 7 years. It’s a waste of everyone’s time and money. And you sir are the key figure head of this complete shamble of a mess. And here you are making excuses.</p>— 188ape (@188ape) <a href="https://twitter.com/188ape/status/1856097460973621623?ref_src=twsrc%5Etfw">November 11, 2024</a>
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<p>The critic accused Ripple of selling billions of dollars in XRP without reinvesting enough in the token’s ecosystem. He argued that Ripple has focused heavily on attracting banks as partners. It is a strategy they believe has not directly benefited XRP investors.</p> 
<h2 class="wp-block-heading" id="strong-ripple-and-its-legal-limitations-strong"><strong>Ripple and Its Legal Limitations</strong></h2> 
<p>Legal analyst Bill Morgan said that Ripple may be somewhat constrained because of its legal status. Here, Morgan explained that the failure to classify XRP as an investment contract under the Howey Test. It was attributed the company’s inactivity in encouraging Ripple holders to invest.</p> 
<p>This restriction means that Ripple cannot actively involve other members of the public in the use of XRP in the same ways as other consumers.</p> 
<p>In contrast, Morgan pointed out that Bitcoin does not face these legal constraints. This allow its advocates to promote it without interference from the SEC.</p> 
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   <p lang="en" dir="ltr">It was the relative lack of evidence of promotion of XRP to retail holders that was one major reason that the court found that programmatic sales of XRP by Ripple did not satisfy the third prong of the Howey test and were not investment contracts. Even then, the SEC is appealing… <a href="https://t.co/AERc1z17qY">https://t.co/AERc1z17qY</a></p>— bill morgan (@Belisarius2020) <a href="https://twitter.com/Belisarius2020/status/1856097436240097690?ref_src=twsrc%5Etfw">November 11, 2024</a>
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<p>The difference in regulatory treatment has fueled concerns within the XRP community that the SEC’s enforcement strategy gives Bitcoin an “unfair advantage.” Morgan pointed out that while Ripple is still mired in a legal dispute. Whereas, Bitcoin benefits from regulatory clarity, enabling more organic growth and market support.</p> 
<p>For now, XRP holders are left wondering if Ripple’s focus on institutional partnerships will ever translate into a meaningful boost in XRP’s value. </p> 
<p>As Ripple prepares for an appeal in its SEC case, the company faces mounting pressure to reassure its community that its long-term strategy will eventually benefit XRP holders. Until then, many investors are left feeling sidelined as the broader crypto market pushes forward without them.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/11/12/ripple-faces-backlash-as-xrp-price-lags-behind-in-crypto-rally/">Ripple Faces Backlash as XRP Price Lags Behind in Crypto Rally</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

Ripple Faces Backlash as XRP Price Lags Behind in Crypto Rally

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Thecoinrepublic.com

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