XRP Will Survive Even A Nuclear War, Claims John Deaton
03 April 2023 - 11:30PM
NEWSBTC
Lawyer and crypto enthusiast, John Deaton, has made yet another
bullish remark on XRP. True to Deaton’s words, the digital asset
has proven resilient amid challenges, including regulatory attacks
and backlash from crypto industry players. While responding to
Coindesk’s tweet, Deaton touted XRP as the most resilient coin in
the crypto industry that would survive even a nuclear war as it has
been topping charts over the past weeks with impressive
gains. The Surge In Dominance Deaton’s latest comments come
as XRP records massive rallies with over 60% price increase in two
weeks, according to Coindesk’s TV platform reports. This has
happened despite XRP facing attacks and criticism from top industry
leaders like Cardano’s Charles Hoskinson and Vitalik Buterin.
On December 17, 2022, Charles Hoskinson stated that the XRP
community is toxic, and petty and will no longer comment on
anything concerning the token. His statement came after Buterin
labeled the cryptocurrency a shitcoin while responding to Ripple’s
Wells submission amid other criticisms. In addition, some Bitcoin
maximalists supported the SEC’s move against XRP, calling it a
banker’s coin. Related Reading: These Top 5 Meme Coins Are Bleeding
As March 2023 Ends – Here’s Why Deaton, who represents thousands of
XRP holders as amicus curiae in the Ripple v. SEC lawsuit, made his
remarks in light of these criticisms. XRP showed incredible
performances in South Korea recently, surpassing Bitcoin in trading
volume on top exchanges. Coindesk’s TV platform, featuring its
executive director, Emily Parker, highlighted these during the
recent broadcast. Parker attributed the asset’s dominance to
the increasing demand for the token by South Korean traders. She
further noted that the renewed optimism about the expected outcome
of the SEC v. Ripple lawsuit also contributed to XRP’s
performance. The community, including Ripple’s CEO Brad
Garlinghouse, are optimistic about the court’s ruling on the
lawsuit. This expectation has boosted their confidence in the coin
while sparking bullish sentiment among investors. XRP Price
Performance Outlook XRP’s price moves started on March 15 when the
assets scored some gains, though very slight. The rally became
notable when it added 11%, in a day, on March 21 when other coins’
prices were down. These rallies pushed XRP’s price from $0.3606 on
March 15 to $0.5454 on March 29, a 60% increase within two weeks.
Related Reading: Bitcoin Loses $28,000 Handle – Is A Retreat In The
Offing For BTC? Although XRP experienced a slight pullback, the
token still holds more than 15% gains over the past week. Not only
that, XRP has recorded a 36.69% price gain over the past 30 days.
These moves place XRP ahead of most coins in performance and the
highest gainer among the top 20 cryptocurrency assets. XRP is
trading at $0.5147, with a 0.54% price increase over the past 24
hours. The asset might climb above the current price level should
it maintain its bullish momentum. More so, the token could rally
even higher if Ripple emerges victorious in the ongoing SEC
lawsuit. Featured image from Pixabay and chart from Tradignview.com
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