Clemente, a board member of the treasury firm K9Strategy, has said that XRP stands out as the last remaining crypto asset with a true “cult-like” following.
He notes that many crypto communities once focused on technology and adoption but lost momentum when those factors didn’t lead to higher prices. XRP, however, has maintained a loyal and vocal base, even as critics argue it is not delivering anything of real value.
“XRP ships nothing, and it still has a cult,” Clemente said. He believes that loyalty, more than technical progress, is what keeps XRP in the spotlight.
Why Shipping Doesn’t Equal Price
Clemente’s view highlights a realization over the past few months that real-world adoption and technical progress often don’t move token prices in the short term. Many projects continue to build and announce partnerships, yet their tokens remain flat.
Because of this gap, some analysts are paying more attention to market psychology than fundamentals. Essentially, in speculative markets, a loud and loyal community can matter more than product updates or on-chain data.
The $2 XRP Thesis
From this perspective, Clemente argues that buying XRP around the $2 level could still outperform a large portion of the market. The logic is not based on utility or innovation but on the staying power of its community and its ability to attract sustained attention.
Interestingly, this logic extends beyond XRP. Clemente suggests that assets driven by obsession and narrative, such as meme coins, can thrive even without traditional fundamentals.
In his view, this dynamic has also been bullish for select speculative tokens that capture attention, regardless of substance.
Notably, Clemente clarifies that he does not personally hold XRP, framing his view as an observation rather than a promotion.
Other Industry Leaders Agree on XRP Cult
Several prominent figures also share Clemente’s view about XRP’s community loyalty. Recently, Galaxy Digital CEO Mike Novogratz highlighted the resilience of the XRP community, noting that sustained engagement is now a key factor in long-term survival in crypto.
Citing XRP as an example, he said its longevity comes from dedicated supporters who stayed active through market downturns, rather than hype or yield.
Moreover, Novogratz praised the XRP Army, saying its loyalty rivals that of Bitcoin supporters. He highlighted the passion and dedication of XRP’s community as a key reason the token has endured for over a decade.
Novogratz noted that strong crypto communities, built on shared beliefs and identity, drive the success of tokens beyond Bitcoin.
He credited Ripple CEO Brad Garlinghouse and attorney John Deaton for fostering engagement during Ripple’s SEC battle. He believes that committed supporters sustain XRP’s relevance.
Raoul Pal Criticizes XRP Holders’ “Cult-like” Mentality
Meanwhile, in August 2024, Raoul Pal, founder of Real Vision, urged investors to move on from XRP, calling its community “cult-like” for holding onto the coin out of emotional attachment. He argued that clinging to older assets can cause investors to miss current market opportunities, encouraging them to prioritize profit over loyalty.
Pal clarified that his warning came from concern, not criticism. However, in November 2024, after XRP’s price surged over 400%, Pal admitted he was wrong and apologized to the XRP community. Since then, he has issued various bullish comments on XRP.
DisClamier: 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 opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
