The prominent pro-XRP exchange Bitrue has sparked spirited discussions on the next course of action for XRP amid the digital asset’s subdued growth in the past few weeks.
Taking to X, Bitrue threw to the crypto community, “What’s next for XRP,” with an emoji suggesting the third largest altcoin could be on a path to the moon.
What's next for #XRP? ?
— Bitrue (@BitrueOfficial) November 27, 2023
Crypto Community Reacts to Bitrue Moon Hint
Bitrue’s tweet garnered over 61,000 reactions from the community, with many taking different sides in the debate. X user “Torch Mind” argued the next step for XRP is to reclaim its $3.84 all-time high.
Another X user, “itsAndyW,” echoed Torch Mind’s sentiment by noting that XRP could see some positive price movement this week. After all, the digital asset has remained trapped at around $0.6 over the last two weeks.
However, not everyone shares these bullish outlooks. Dina Marie Diana, a U.S.-based health and financial professional, injected a note of caution into the conversation. She remarked on the belief of those who study the market, anticipating overnight success and holding onto hopes that XRP will experience a meteoric rise in value based on technical analysis (TA). Diana firmly asserted, “No. It won’t.”
Similarly, other commenters expressed convictions that XRP could plummet more than 50% to $0.3 or $0.1. Some of those with this skeptical view bank on potential regulatory actions on digital assets and crypto trading platforms.
Bitrue: ‘XRP forever’
Meanwhile, Bitrue reinforced its commitment to XRP in a separate thread with a succinct tweet stating, “XRP forever.”
#XRP forever ?
— Bitrue (@BitrueOfficial) November 28, 2023
Bitrue’s declaration further emphasizes the exchange’s unwavering support and belief in the enduring potential of XRP within the crypto landscape. Last month, Bitrue rolled out significant features designed to cater to XRP enthusiasts on its platform.
More specifically, the exchange has unveiled a minting option for the XAH token, which operates on the XRPL-based Xahau network. As The Crypto Basic disclosed, the exchange refunded the locked XRP tokens from the minting processes early this month.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
-Advertisement-
