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<p>XRP is stealing the spotlight this week, beating top cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) after a big <a href="https://coinpedia.org/news/xrp-etf-incoming-grayscale-launches-first-xrp-trust-could-xrp-skyrocket-to-3-40/" rel="noopener noreferrer nofollow">update from Grayscale Investments</a>. But not everyone is impressed. Popular crypto trader Sensei is betting against XRP, calling it a “shitcoin.” So, is XRP about to hit new highs, or is it just all hype?</p>  
<h2 class="wp-block-heading" id="h-xrp-soars-while-analyst-calls-it-a-shitcoin">XRP Soars While Analyst Calls It a 'Shitcoin’</h2>  
<p>In a <a href="https://x.com/SenseiBR_btc/status/1834572796677980222" rel="noopener noreferrer nofollow">recent tweet</a>, popular crypto analyst Sensei questioned XRP’s future, pointing out that its market dominance has dropped from 32% to just 1.5% over the past seven years. Sensei believes that XRP will likely miss out on any upcoming bull run, highlighting Bitcoin’s better performance as evidence.</p>  
<p>Sensei also challenged the logic behind investing in XRP, asking why anyone would still buy this “useless shitcoin.”</p>  
<p>However, it’s important to remember that skepticism about XRP is not new. Back in 2016-2017, XRP faced similar doubts but eventually proved critics wrong with a massive rally. The token surged an incredible 110,233% from its January 2017 low to its all-time high in January 2018, showing that XRP has the potential to surprise once again.</p>  
<h2 class="wp-block-heading" id="h-xrp-s-big-week">XRP’s Big Week</h2>  
<p>Perhaps the recent rally in <a href="https://coinpedia.org/news/xrp-to-hit-3-4-as-ripple-case-is-over-but-fair-notice-still-in-play-says-ripple-clo/" rel="noopener noreferrer nofollow">XRP's price follows</a> the launch of Grayscale Investments’ XRP Trust, a development that comes after the Ripple vs. SEC lawsuit concluded. This trust marks the first step in Grayscale’s plan to introduce an XRP ETF, a move that analysts believe could drive substantial capital influx and potentially boost XRP’s price.</p>  
<p>As, XRP surged to $0.588, hitting a high not seen in three weeks. Despite a slight retrace to $0.5820, the token showed resilience still up by 3.4% with a market cap of $32.8 billion.&nbsp;</p>

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