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<p>The post <a href="https://coinpedia.org/news/bloomberg-senior-analyst-faces-backlash-from-xrp-community-over-xrp-joke/">Bloomberg Senior Analyst Faces Backlash from XRP Community Over XRP Joke</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>At a recent Bitcoin conference, Bloomberg’s senior crypto analyst, James Seyffart, found himself in the middle of a controversy after making a joke about <a href="https://coinpedia.org/news/xrp-poised-for-1-surge-massive-trading-volume-and-settlement-rumors-fuel-rally/">XRP</a>. The comment didn’t go unnoticed by the “XRP army,” a community of XRP supporters, who quickly took to social media to express their displeasure.</p> 
<h2 class="wp-block-heading" id="h-seyffart-joke-on-xrp">Seyffart Joke On XRP</h2> 
<p>The incident came to light after a tweet from an X user known as <a href="https://x.com/subjectiveviews/status/1816719519563284500">Subjective Views</a> highlighted Seyffart’s remarks during an interview with BlackRock’s Head of Digital Assets.&nbsp;</p> 
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   <p lang="en" dir="ltr">While interviewing BlackRock's Head of Digital Assets, <a href="https://twitter.com/JSeyff?ref_src=twsrc%5Etfw">@JSeyff</a> couldn't resist taking a shot at <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw">#Ripple</a> <a href="https://twitter.com/hashtag/XRPCommunity?src=hash&amp;ref_src=twsrc%5Etfw">#XRPCommunity</a> <a href="https://twitter.com/hashtag/XRPL?src=hash&amp;ref_src=twsrc%5Etfw">#XRPL</a> <a href="https://t.co/WyMMNHB1vK">pic.twitter.com/WyMMNHB1vK</a></p>— Subjective Views (@subjectiveviews) <a href="https://twitter.com/subjectiveviews/status/1816719519563284500?ref_src=twsrc%5Etfw">July 26, 2024</a>
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<p>The tweet noted, “While interviewing BlackRock’s Head of Digital Assets, Bloomberg senior Crypto analyst James Seyffart couldn’t resist taking a shot at $XRP.” This led to a wave of criticism from XRP supporters, who quickly expressed their frustration on social media.</p> 
<p>Seyffart later acknowledged the backlash in a tweet, stating, “Oh no! The XRP army is canceling me for a joke at a Bitcoin conference.” Despite the negative response, His initial reaction suggested a level of relaxation rather than concern about the backlash.</p> 
<h2 class="wp-block-heading" id="h-seyffart-responds-to-criticism">Seyffart Responds to Criticism</h2> 
<p>To clarify his stance, Seyffart followed up with another tweet. He explained “For all the XRP guys in my mentions. I don’t hate XRP. It was a joke geared toward my audience and a joke that landed well. Hell — I’m absolutely rooting for Ripple in court against the SEC. I personally think the SEC has vastly over-reached in many areas including with Ripple/XRP.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">For all the XRP guys in my mentions. I don't hate XRP. It was a joke geared toward my audience and a joke that landed well. Hell — I'm absolutely rooting for Ripple in court against SEC. I personally think the SEC has vastly over-reached in many areas including with Ripple/XRP.…</p>— James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1816890242777121153?ref_src=twsrc%5Etfw">July 26, 2024</a>
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<p>Seyffart continued, “But if you’re this up in arms about some random dude making a light-hearted joke about the project, you’re NGMI. You should re-evaluate some things. Go touch some grass.”&nbsp;</p> 
<p>This response aimed to reassure the community of his support for Ripple while also encouraging a more relaxed perspective on his joke.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-xrp-price-analysis">XRP Price Analysis</h2> 
<p>Apart from the ongoing community clashes, crypto influencer <a href="https://x.com/wiseadvicesumit/status/1816894762840097094">Wise Advice has highlighted</a> a significant boost in XRP’s value. Over the past two weeks, XRP’s price has surged by 66%, with a 27% increase in the past month.</p> 
<p>As of now XRP is <a href="https://markets.coinpedia.org/xrp/">trading at $0.60</a> and is moving upward within an ascending channel. The Relative Strength Index (RSI) is at 59.02, which is comfortably above the neutral line of 50, indicating positive momentum.</p> 
<p>If XRP can successfully break through the $0.63 resistance range, it is expected to rise to $0.67 and potentially further to $0.70.</p>

Bloomberg Senior Analyst Faces Backlash from XRP Community Over XRP Joke

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