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HomeCrypto NewsMarketCritic Questions XRP $10,000 Prediction, Brands XRP a Scam

Critic Questions XRP $10,000 Prediction, Brands XRP a Scam

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A notable figure in the crypto community has labeled XRP as a scam, citing its failure to meet ambitious outlooks like the price projection of $10,000.

X user “Cousin Crypto” has taken a swipe at members of the XRP community amid XRP’s unsavory market performance. Cousin Crypto particularly raised eyebrows by questioning the silence surrounding XRP’s once-prominent $10,000 price prediction. 

“What happened to the XRP army?” he asked rhetorically, seeking to make a mockery of ardent supporters, given XRP’s current position in the crypto market. 

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Cousin Crypto reflected on the periods when the XRP Army was vocal about the outlook of prominent financial institutions adopting the XRP technology for payment processes. The critic highlighted that XRP Army had argued, based on the sentimental projections, that XRP was programmed to surge to $10,000.

Cousin Crypto recalled the instance to mock XRP moon boys that XRP failed to bulge despite the adoption. Concluding his commentary about XRP, the critic remarked: “Anyway, I’m bidding. [The] scam is going to run soon. Too quiet.” 

XRP Not Moving, It’s a Scam?

This critique comes at a time when XRP enthusiasts have been anticipating a significant breakthrough in XRP’s price amid the unfolding bull market.

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For instance, Solana (SOL) knocked out XRP and became the second most prominent altcoin after Ethereum. SOL attained the feat in under 30 days, with its price increasing from about $55 to $123.

Similarly, Avalance (AVAX) has moved up the ladder from position 20 last month to rank among the top ten most prominent crypto.

Its price has grown by over 120%. Other top-ranking projects like Cardano (ADA) and Binance Coin (BNB) have exhibited comparable feats.

Meanwhile, XRP has remained at the same price level throughout the past 30 days. CoinMarketCap data indicated XRP sold at $0.6033 on November 27 and reached a high of $0.6919 on December 12. However, XRP has dropped to $0.6307, putting its month-to-date performance at a paltry 4%.

Besides, data has shown the asset is currently within the range it traded precisely five years ago.

While the XRP community has been optimistic about the digital asset’s potential, the skeptical perspectives suggest a growing sense of doubt about XRP’s moon outlook.

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.

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Author

Abdulkarim Abdulwahab
Abdulkarim Abdulwahabhttp://thecryptobasic.com
Abdulkarim Abdulwahab is a blockchain writer with a specific interest in journalistic writing. He covers breaking events in the crypto community and blockchain industry. Over the past year, he has published over 1,500 short-form and long-form content for Web3 publishing firms.

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