Prominent crypto expert NotFinancialAdvice (NFA) suggests that the FUD surrounding XRP and Ripple could be part of a strategy to prevent retail investors from purchasing XRP at low prices.
According to a short clip posted on X yesterday, the market pundit noted that he no longer believes in FUD (Fear, Uncertainty, & Doubt) surrounding XRP and Ripple.
Persistent FUDs Targeting XRP and Ripple
Like many cryptocurrencies, XRP has received its fair share of FUD. Over the years, multiple commentators have circulated different narratives about the coin, which some believe is an attempt at manipulating market sentiment.
Earlier this year, pro-XRP lawyer Bill Morgan highlighted three persistent FUDs circulating within the XRP community.
They include the XRP price suppression theory, the suggestion that XRP has no legal clarity, and the idea that Ripple’s stablecoin (RLUSD) could make XRP irrelevant. These FUD narratives have gained momentum within the community despite moves to debunk them.
FUD Appears Staged
Interestingly, NotFinancialAdvice said he is not distracted by this FUD, as it could be a broader strategy to manipulate market sentiments. According to him, some powerful entities might introduce these narratives to prevent retail investors from purchasing XRP at low prices.
Explaining the rationale behind this assertion, the expert mentioned how some entities leverage social media to socially engineer people with artificial narratives.
“[…] Certain narratives we perceive as naturally occurring could be part of an overall strategy,” he remarked.
Moves to Discourage Retail Investment and Give Control to Institutions
Notably, the expert said Ripple holds significant potential in the future of digital payments, adding that the company also has several influential partners, such as the International Monetary Fund (IMF) and the United Nations (UN).
Given Ripple’s potential in digital payments, NFA suggests that it is probable that powerful entities might create FUD to control the public’s perception of XRP and prevent retail investors from buying the coin at discounted prices.
“Many of these [narratives] feel artificial or designed to discourage retail investors from buying this chosen token at a low price by introducing ideas engineered to cause uncertainty,” he added.
While the FUD discourages retail investment in XRP, it maintains institutional interest in Ripple’s technological potential in the long term.
This notion suggests that as these powerful entities discourage retail investors from purchasing XRP, they could secure more control over the token.
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.
