Bloomberg’s senior crypto analyst, James Seyffart, found himself embroiled in controversy at a recent Bitcoin conference after making a joke about XRP. The comment was not unnoticed by a dedicated community of XRP supporters who swiftly took to social media to voice their displeasure.
During the interview with BlackRock’s Head of Digital Assets, Seyffart humorously remarked about XRP’s status and its dedicated supporters. X user Subjective Views highlighted Seyffart’s remarks, triggering a wave of criticism from the XRP community.
Seyffart acknowledged the backlash in an X post, stating that the XRP army was cancelling him for a joke made at the Bitcoin conference. Despite the negative response, his initial reaction suggested calmness rather than concern about the backlash.
Seyffart explained that he does not hate XRP and that his joke was geared toward his audience and landed well. He expressed his support for Ripple in its ongoing legal battle against the SEC, stating that he believes the SEC has overreached in many areas, including with Ripple and XRP.
Seyffart further addressed the community by suggesting that those who were upset by his light-hearted joke should re-evaluate their reactions and perhaps spend some time away from the digital world. His response aimed to reassure the community of his support for Ripple while encouraging a more relaxed perspective on his joke. However, renowned crypto analyst Wise Advice highlighted a significant XRP value boost. Over the past two weeks, XRP’s price has surged by 66%, with a 27.52% increase in the past month.
As of press time, XRP is trading at $0.6052 and is moving upward within an ascending channel. The Relative Strength Index (RSI) stands at 59.02 and above the neutral line of 50, indicating positive momentum. If XRP successfully breaks through the $0.63 resistance range, it is expected to rise to $0.67 and potentially further to $0.70.
This positive trend indicates that the market performance of XRP has not been adversely affected by the controversy surrounding Seyffart’s remarks. The constant backing of XRP and its increasing worth show that the community is still very much active. While the legal war with the SEC is still ongoing, the future of XRP has become a topic of significant concern and discussion in the crypto community.
