United

Pepe

Popular cryptocurrency exchange, <a href="https://bitcoinist.com/bitrue-hacked-23-million-worth-of-crypto-stolen/">Bitrue</a> has urged investors to go all in on XRP, suggesting the cryptocurrency’s potential to surge dramatically to new levels. The crypto exchange’s promotion of the <a href="https://www.newsbtc.com/analysis/xrp/xrp-price-drop-0-4770/" rel="nofollow noopener" target="_blank">declining digital asset</a> has triggered a significant backlash from various crypto community members. 
<h2 id="bitrue-advocates-full-investment-in-xrp">Bitrue Advocates Full Investment In XRP</h2> 
Bitrue has advocated for crypto community members to fully invest in <a href="https://www.newsbtc.com/press-releases/ripple-xrp-is-one-of-the-tokens-with-everything-to-reach-10-crypto-expert-says/" rel="nofollow noopener" target="_blank">XRP</a>, the native token of the XRP Ledger (XRPL). The crypto exchange expressed bullish sentiment for XRP, using the infamous rocket emoji at the end of their post to signify a potential for a <a href="https://www.newsbtc.com/news/forget-the-dip-xrp-primed-for-epic-rally-to-36-expert-claims/" rel="nofollow noopener" target="_blank">significant bull run for the cryptocurrency</a>. 
“When in doubt, go all in XRP,” the exchange remarked in an X (formerly Twitter) <a href="https://x.com/bitrueofficial/status/1805435747664630000?s=46&amp;t=dYF0hpz-gFc8HcetSehFUQ" rel="nofollow" target="_blank">post</a>. Despite <a href="https://bitcoinist.com/ripple-cto-xrp-price-suppression/">XRP’s price stagnation</a>over the years, Bitrue has remained a major advocate for the cryptocurrency. The crypto exchange allows users to trade XRP on its platform and also offers numerous XRP trading pairs with popular cryptocurrencies like Bitcoin, Shiba Inu, Pepe and others.&nbsp; 
Following the ongoing lawsuit against Ripple, issued by the United States Securities and Exchange Commission (SEC), the price of XRP has been on a downward trend. The cryptocurrency previously rose to an all-time high of $3.84 in 2018. However, over the past 5 years, XRP has <a href="https://bitcoinist.com/crypto-expert-xrp-price-suppressed/">failed to match this peak</a>.&nbsp; 
The <a href="https://www.newsbtc.com/analysis/xrp/xrp-bears-in-control-0-4720/" rel="nofollow noopener" target="_blank">cryptocurrency’s declined state</a> has been a major concern for long-term investors and XRP supporters. While the community has continually stayed optimistic about a potential rally following the conclusion of the SEC’s lawsuit, many have opted to <a href="https://bitcoinist.com/xrps-underperformance-ruffles-feathers-as-community-asks-ripple-to-do-something-about-price/">sell off their tokens</a> to protect themselves from potential losses.&nbsp;&nbsp; 
<h2 id="crypto-community-members-react">Crypto Community Members React</h2> 
Bitrue’s suggestion to invest heavily into XRP may appear insensitive to some investors considering <a href="https://www.newsbtc.com/analysis/xrp/xrp-faces-extended-bearish-pressure-at-0-4937-amid-market-weakness/" rel="nofollow noopener" target="_blank">XRP has failed to witness a significant rally</a> for years. The price of the cryptocurrency is currently on a downward trend, trading at $0.47, and reflecting a 4.52% decline over the past week, according to CoinMarketCap. 
Unsurprisingly, Bitrue’s post has evoked mixed reactions amongst crypto community members, attracting backlash from a few followers. One community member announced he would be going “all in on XRP.” However, he warned that if his investment fails, he will sue Bitrue for its supposed financial advice and <a href="https://www.newsbtc.com/news/ripple/xrp-holdings-on-bitrue-exchange-surges-by-300/" rel="nofollow noopener" target="_blank">endorsement of XRP</a>. 
Another crypto member labeled the exchange’s post as bold, highlighting Bitrue’s recommendation to invest in XRP despite the cryptocurrency’s waning value and <a href="https://www.newsbtc.com/analysis/xrp/xrp-price-under-siege-0-50/" rel="nofollow noopener" target="_blank">lackluster market performance</a>. Likely, in response to community backlash, the crypto exchange has completely deleted the controversial post from X. 
While there are pessimistic sentiments about XRP, there are also various crypto community members who remain <a href="https://www.newsbtc.com/press-releases/ripple-xrp-is-one-of-the-tokens-with-everything-to-reach-10-crypto-expert-says/" rel="nofollow noopener" target="_blank">bullish on the cryptocurrency’s price outlook</a>. An avid XRP supporter and community member identified as ‘Jack The Rippler,’ has <a href="https://x.com/ripplexrpie/status/1805608062708797677?s=46" rel="nofollow" target="_blank">expressed</a> significant bullish sentiment for XRP. 
According to the crypto member, XRP is poised to pump harder than most digital assets, indicating the possibility for the cryptocurrency to witness a similar price surge akin to its record high in 2018.&nbsp; 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/jR2rbSVC/" alt="XRP price chart from Tradingview.com" width="3286" height="1576">

Bitrue Crypto Exchange Urges Investors To Go “All-In” On XRP, Here’s Why

Table of Contents

Bitcoinist

Outros artigos publicados em 26 de jun. de 2024

I Just Received My Mt. Gox Bitcoin Redemption: Should I Sell or Hold?

MoonBag Reigns Supreme in Top Crypto Presale with 88% APY Staking Rewards as Dogwifhat and Dogeco...

Bitcoin Selloff: German Gov’t Offloads Another $67 Million As Price Wobbles

3 Underdog Altcoins Turning $100 Into $100,000 By December

XRP Supply on Exchanges Drops To Months Low; Price To Hit Rock Bottom?

FBI Warns of Law Firm Impersonation in Crypto Scam

Join our free newsletter for daily crypto updates!