Prominent figures in the XRP community have raised concerns amid Ripple’s president’s unclear response to an inquiry about XRP adoption following the XRP lawsuit victory.
In a recent interview with the Chain Reaction Pod, Ripple president Monica Long faced a critical question regarding the implications of the U.S. court ruling that classified XRP as not a security for retail investors.
However, her response to the inquiry has left numerous XRP community members more perplexed than enlightened. Specifically, in response to whether the court ruling had spurred increased adoption of XRP, Long’s answer lacked a definitive endorsement of a positive impact.
She noted a more consistent trend line in the market, attributing it to speculation over the past few months. Hence, in her view, the crypto market has exhibited a more unified movement than one specific to XRP.
In Monica Long’s words:
“I’ve observed a more consistent trend line of the market moving together over the past several months, based on speculation and excitement of ETF. So the market has been moving more together versus a segmented fashion.”
Top XRP Figures React
The remark from Ripple’s president sparked significant reactions from the XRP community.
Well-known XRP figure “WrathofKahneman” pointed out that while the question pertained to adoption, the response focused more on price, deviating from what would typically be associated with adoption.
As a result, he asserted that her response conveyed a polite “no,” as it lacked any indication of affirmation or agreement.
Similarly, Yassin Mobarak, founder of Dizer Capital, expressed his concerns about Long’s response. He stressed that the lack of a definitive answer is a fundamental issue. Mobarak remarked:
“This is a fundamental question, and the fact that Monica Long could not give a clear “Yes answer is concerning.”
This is a fundamental question, and the fact that @MonicaLongSF could not give a clear "Yes" answer is concerning. It leads me to two conclusions.
1) The U.S. market continues to represent a serious penetration challenge for @Ripple , even after $XRP regulatory clarity.
2) $XRP… https://t.co/QuyZTCEiSp
— Yassin Mobarak ? (@Dizer_YM) January 19, 2024
Meanwhile, Mobarak resolved to two possible conclusions from Long’s response. Firstly, he suggested that the U.S. market still poses a significant challenge for Ripple, even after regulatory clarity on XRP.
Secondly, he proposed that XRP’s adoption and potential price growth may not solely hinge on Ripple’s efforts. Instead, the pivotal factors would be the use cases and projects building on the XRP ledger, such as Hooks, Evernode, and xSpectar.
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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