Amid Lawsuits, XRP Tokens Are Faring Bad In The Market as Ripple Investors React

Ripple’s XRP tokens are certainly not a great investment. At least that’s the take that most holders have right now. XRP is on a huge downtrend since its all-time high and is seeing its value drop. The token is trading at $0.25 USD at the moment, 90% down from its highest value, $3.30 USD.

Amid several lawsuits against Ripple, investors are starting to lose hope. Many of them are about to capitulate and leave the community for good because prices don’t seem to go up anymore.

A fan account called XRPBRad, for instance, affirmed that it would sell off its XRP and invest in other tokens. This person is not alone. The XRP market sentiment is considerably bearish right now and some people believe that the token may lose even 50% of its value in the future.

Tradeboi Carti, a Twitter figure, for instance, affirmed that the token could take a huge hit if it breaks its $0.27 USD support and it seems that this has happened.

The community is far from happy with the news. Some people are angry that Ripple Labs continues to release more XRP tokens in the market, which causes inflation and makes the price of the tokens go down.

Some users have even started a petition to make Ripple stop selling tokens to companies, which will obviously never happen. This gives more strength to the idea that Ripple is simply not so interested in its community as it claims and that the eyes of the company are really turned to the larger financial market.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


  1. Brad Garlinghouse has said over and over again that Ripple and XRP are totally separate, and that Ripple could shut down tomorrow and XRP would still exist. Well, perhaps it's closer to the truth to state the opposite: XRP could fold tomorrow and Ripple (who've pocketed billions) would keep on truckin'.


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Despite Testing $10,000 Multiple Times, Bitcoin Bulls May Not Arrive Yet

Yet another week of bitcoin testing $10,000 and we are back at trading around $9,600. Since the halving on May 11, the digital currency...

#DeleteCoinbase Trending After the Coinbase Exchange's Deal with DEA & IRS Becomes Public

Cryptocurrency exchange Coinbase intends to sell its blockchain analytics software called Coinbase Analytics to two US government agencies. As per the public records, the Internal...

Top UN Blockchain Expert Believes Digital Currencies And CBDC's Pose a Threat To Bank Accounts

Top U.N. official says digital assets, particularly central bank-issued digital payment systems may soon replace bank accounts due to the low-interest rates. Massimo Buonomo,...

EU’s Law Enforcement Agency, Europol, Targets Bitcoin Privacy Tool Wasabi Wallet

Europol, the European Union’s Law Enforcement Agency recently released a two-part report analyzing the impact of privacy tools in crimes related to cryptocurrency. Privacy...

Andrew Yang's Former Aide Seeks Congressional Run in NY-10; Sets Eyes on UBI and Crypto

Jonathan Herzog, a crypto advocate and former aide at Yang's campaign, has launched his congressional run for New York's 10th District. The 26-year-old started...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today