Deaton: XRP Most Resilient Coin, Even a Nuclear War Won’t Kill it

Deaton made these remarks in the wake of XRP’s latest solo rally.

XRP has proven to be a force to reckon with, posting periodic gains despite the persistent attacks it has received from crypto proponents and regulators alike. Attorney John Deaton, an American lawyer and crypto enthusiast, recently called attention to the asset’s resilience, touting that even a nuclear war could not kill it.

Deaton, who represents thousands of XRP holders as amicus curiae in the SEC litigation, made these remarks in the wake of XRP’s latest solo rally, which saw the asset appreciate by an impressive 60% in the space of two weeks. The comments responded to CoinDesk’s coverage of the asset’s increasing dominance.

According to Deaton in a recent tweet, no other coin has been more resilient despite the numerous attacks on XRP from industry leaders and regulators such as the U.S. SEC. The asset had come under criticism from Cardano founder Charles Hoskinson and Ethereum co-founder Vitalik Buterin. Some Bitcoin maximalists have also backed the SEC against XRP.

“Call it the Banker’s Coin – call it a shitcoin – call it security – call it whatever you want – but no Coin has been more resilient. Let me use lingo BTC Maxi’s will enjoy: XRP is a cockroach – even a nuclear war won’t kill it,” he remarked, responding to a CoinDesk tweet.

Deaton’s response came to the most recent CoinDesk coverage of the XRP on its CoinDesk TV platform featuring Emily Parker, Executive Director at Coinbase, who highlighted XRP’s impressive dominance in Korea’s top exchanges. As previously reported, XRP recently overtook BTC to dominate the trading volumes of South Korea’s top exchanges.

Speaking on the surge in dominance, Parker ascribed XRP’s latest rally to the growing demand pumped into the asset by South Korean traders and renewed optimism on the legal tussle between Ripple and the SEC.

$XRP went on a tear this week. In March alone, the token gained 39%.

"It appears that there has been a missing piece to this puzzle that explains a lot of what's happening with XRP, and that is Korea," @emilydparker says.https://t.co/s6gw0hue7i pic.twitter.com/r1XutnHpwF

— CoinDesk (@CoinDesk) April 2, 2023

XRP Maintains a 12% Gain

XRP’s rally began as far back as March 15 when the asset was changing hands at $0.3592 but became more apparent when it registered an 11% gain in 24 hours on March 21. The asset surged to a high of $0.5748 on March 29, marking a 60% increase in two weeks.

Despite facing a slowdown in its latest rally, XRP still maintains a 12.48% gain in the past week, making it the highest gainer among the top 20 assets. The asset is currently trading for $0.5102, seeking to retain a position above the $0.51 mark.