popular cryptocurrency exchange, correct XRP Inc. has urged investors to invest fully in XRP, signaling the potential for the cryptocurrency to skyrocket to new levels. Promoting a cryptocurrency exchange for Decline in digital assets It sparked significant backlash from various members of the cryptocurrency community.
Bitrue calls for full investment in XRP
Bitrue called on members of the cryptocurrency community to fully invest in it XRP, the native token of the XRP Ledger (XRPL). The cryptocurrency exchange expressed bullish sentiment towards XRP, using the infamous rocket emoji at the end of its post to indicate the possibility of… A big bullish wave for the cryptocurrency.
“When in doubt, go all-in on XRP,” the exchange noted at X (formerly Twitter). mail. despite of XRP prices stagnateOver the years, Bitrue has remained a major advocate for cryptocurrency. The cryptocurrency exchange allows users to trade XRP on its platform and also offers several XRP trading pairs with popular cryptocurrencies such as Bitcoin, Shiba Inu, Pepe, and others.
Following the ongoing lawsuit against Ripple, issued by the US Securities and Exchange Commission (SEC), the price of XRP has been on a downward trend. The cryptocurrency previously rose to an all-time high of $3.84 in 2018. However, over the past five years, the value of XRP has risen. Failed to match this peak.
the Cryptocurrency Rejection Status It has been a major concern for long-term investors and XRP supporters. While the community has remained consistently optimistic about the potential upside following the conclusion of the SEC lawsuit, many have chosen Sell their tokens To protect themselves from potential losses.
Reaction from members of the crypto community
Bitrue’s proposal to invest heavily in XRP may seem insensitive to some investors considering… XRP failed to see a significant rally For years. The cryptocurrency is currently in a downtrend, trading at $0.47, reflecting a 4.52% decline over the past week, according to CoinMarketCap.
Unsurprisingly, Bitrue’s post sparked mixed reactions among members of the cryptocurrency community, attracting backlash from a few followers. One community member announced that he will be using all of “XRP.” However, he warned that if his investment failed, he would sue Bitrue over its supposed financial advice XRP Endorsement.
Another member of the crypto space described the exchange’s post as bold, highlighting Bitrue’s recommendation to invest in XRP despite the cryptocurrency’s decline in value and Lackluster market performance. Most likely, in response to backlash from the community, the cryptocurrency exchange completely deleted the controversial post from X.
While there are bearish sentiments about XRP, there are also many members of the crypto community who have stayed Optimistic about the cryptocurrency price outlookAn avid XRP supporter and community member known as “Jack The Rippler” has. I expressed Big bullish sentiment for XRP.
According to the cryptocurrency member, XRP is poised to pump out more strength than most digital assets, indicating the possibility that the cryptocurrency could see a similar price rise similar to its record high in 2018.
Featured image created with Dall.E, chart from Tradingview.com