Amid a storm of challenges, XRP, the native token of Ripple, has been surviving a relentless barrage of attacks. Despite securing a favorable ruling in its ongoing lawsuit with the SEC, XRP continues to face significant hurdles that raise concerns about its future.
One of the notable voices sounding the alarm is Ashley PROSPER, who has pointed out several indicators suggesting that all is not well for XRP.
Let's explore these issues in more detail.
Media Neglect:
Ashley PROSPER argues that mainstream media outlets are conspicuously neglecting the XRP community. Despite consistent coverage in crypto-focused publications like The Crypto Basic, it appears that XRP needs help to make it into the headlines of major news networks. This raises questions about the motivations behind such negligence.
Fear, Uncertainty, and Doubt (FUD):
A cloud of uncertainty, referred to as FUD, systematically spreads around XRP. While confirming a coordinated effort is challenging, suspicions persist that there might be an orchestrated campaign to undermine confidence in XRP. This FUD only adds to the existing uncertainties surrounding cryptocurrency.
The SEC Lawsuit:
Another significant challenge is the ongoing SEC lawsuit against Ripple, the company behind XRP. Ashley suggests that major financial players, including JP Morgan, are engaged in high-level discussions with the SEC, intensifying concerns about XRP's future. The economic consequences of this lawsuit have already been severe, causing billions in investor losses.
Social Media Vulnerabilities:
Prominent members of the XRP community have recently fallen victim to social media hacks. From Attorney Jeremy Hogan to John Deaton, this disturbing trend has raised questions about whether these incidents are part of the alleged coordinated attack.
Labeling of the XRP Community:
Ashley points out the negative characterizations of the XRP community, with the SEC labeling them as "aggressive" and others branding them as "conspiracy theorists." Such labels, especially from authoritative sources, can have lasting reputational impacts and contribute to divisiveness within the community.
Influx of Bots:
A new issue is the influx of bot accounts on XRP social platforms. These bots allegedly promote fake XRP giveaways and scams, further sowing discord and mistrust within the community.
Despite these formidable challenges and controversies, Ripple's President, Monica Long, expressed a resolute stance in a recent CNBC interview, indicating the company's determination to fight the SEC lawsuit.
It's crucial to emphasize that XRP remains a strong contender and a promising currency in the crypto arena. Its technological advantages, real-world applications, and a dedicated community of supporters ensure that it continues to be a force to be reckoned with, even in the face of adversity.
A version of this post originally appeared at https://coinpedia.org/news/ripple-news-xrp-is-under-coordinated-assault-says-crypto-influencer/
