XRP Sorry Investors: From Potential Asset to Meme According to Veteran Trader's Warning

A recent comment has shaken the XRP community when Crypto Bitlord, a well-known cryptocurrency analyst who previously supported XRP, suddenly stated: “I apologize if you’re holding XRP, but due to recent news, no one should be optimistic about this asset.” These warnings are not unfounded, as signals from key figures at Ripple are raising serious doubts about the long-term prospects of the token.

Clear Warning from an Insider at Ripple

David Schwartz, former CTO of Ripple, recently revealed surprising information: he started selling XRP at a price of $0.10 and does not expect the price to surpass $0.25. This disclosure from a high-ranking individual within the main XRP organization has raised significant questions about the true confidence of top figures in the project.

Crypto Bitlord expanded on this view, pointing out that Ripple’s founders have promoted XRP as “the future of payments” while continuously distributing billions of tokens over many years. According to him, this behavior shows inconsistency between words and actions. He warns that this asset could drop below $1.00 in an upcoming heavy sell-off.

From Future Payments to Meme: XRP Fund Has Gone Off Course

Crypto Bitlord does not hesitate to describe XRP’s current state with words like: “It’s nothing but a meme now.” This statement reflects deep disappointment when comparing the initial promises to actual performance. His analysis suggests a potential low target of around $0.043, even though XRP is currently trading at $1.35, down 1.74% in the past 24 hours.

Current investor sentiment is cautious. The market sentiment index shows that 50% of traders are leaning bearish, indicating division within the community regarding the token’s future prospects. The shift from being the “next payment system” to a “meme token” demonstrates a significant loss of confidence.

Critical Need: XRP Community Must Play a Larger Role in Governance

Crypto Bitlord emphasized an important idea: the XRP community should take a more active leadership role in the project’s direction. After Schwartz stepped down from his CTO position, this is an opportunity for token holders to participate in strategic decisions.

Ripple has faced accusations of “dumping” for many years, and recent revelations only reinforce this narrative. To restore trust, the organization may need to shift toward a more decentralized governance model, where the community has a real voice in key decisions.

By empowering the community, Ripple could build a system where decisions reflect the interests of XRP holders rather than just following internal management directives. This change could help rebuild long-standing participation and trust that has been eroded.

Market Reaction and Potential Consequences

Crypto Bitlord’s comments have highlighted ongoing debates about XRP’s performance and Ripple’s leadership choices. Referencing Schwartz’s early sell-off, he indirectly questions the reliability of the leadership team.

This information could significantly influence how traders approach XRP. If a large portion of the community aligns with Crypto Bitlord’s views, XRP could experience a substantial sell-off. The market is now waiting to see whether these warnings will materialize or if the XRP community will find ways to disprove the doubts.