A relief rally is being witnessed by the entire crypto market this week as Bitcoin led the market by registering a new all-time high as it soared above $76,000 for the first time.
Notably, an XRP critic took to X where he has compared XRP’s price action to Bitcoin over the last year. He noted that while Bitcoin has doubled in a span of one year reaching highs of $75,970, XRP on the other side has plunged by nearly 25% in the same timeframe.
Bitcoin more than doubled in the last year.
Meanwhile XRP is down 25%
Keep listening to people who tell you XRP has a bigger price return potential. pic.twitter.com/bU9pYIPFnt
— 𝕾𝖈𝖆𝖒𝖘 𝖆𝖗𝖊 𝖇𝖆𝖉 (aka. ScamDaddy𐦐) (@ScamDetective5) November 6, 2024
“Keep listening to people who tell you XRP has a bigger price return potential,” he voiced, expressing his disbelief in the claims that XRP has a greater price return potential noting the asset’s lackluster performance.
In reaction to this post, Attorney Bill Morgan indicated X user Scam Detective seems obsessed with XRP.
Attorney Morgan indicated that the X user Scam Detective seems obsessed with XRP. He acknowledged XRP’s poor performance, confirming that the token ranks as the worst-performing coin among the top 10 cryptocurrencies over the past year.
The lawyer claimed that XRP’s underperformance arose from the legal brawl between the U.S. SEC and Ripple, which has been going on for 4 years, negatively affecting its price.
XRP Still Under Top 10
He also stressed the point that despite its underperformance, the asset has still maintained its foot among the top 10 biggest cryptos by market cap.
“It is also still in the top 10 and still subject to legal proceedings that have been on foot for 4 years. The fact is the market still associates XRP with Ripple and Ripple is still embroiled at the heart of the SEC’s unholy war against crypto,” which is having a bearish impact on its price according to him.
You really are obsessed. We all know that XRP is the worst performing coin in the top 10 over the last 12 months and that like many coins it has been obliterated by bitcoin. It is also still in the top 10 and still subject to legal proceedings that have been on foot for 4 years.… https://t.co/VZWoLWFZTN
— bill morgan (@Belisarius2020) November 6, 2024
XRP is currently the seventh-biggest cryptocurrency with a market cap of over $30 billion. While it briefly lost this rank to Dogecoin yesterday, but immediately reclaimed it. It is currently trading at $0.5448, up by over 2.4% in the last 24 hours.
XRP community members are eagerly anticipating that a new SEC under Trump might settle the Ripple vs SEC case. However, if the settlement gets delayed further, then the lawsuit might linger until 2026, which would impact XRP’s performance negatively.
