Bitrue Promotes Heavy Investment in XRP Amid Market Backlash
Popular cryptocurrency exchange, Bitrue, has promoted a heavy investment in XRP, despite recent stagnation in its price and ongoing legal issues with the SEC. This move has drawn mixed reactions from the crypto community. While some community members remain optimistic about XRP’s potential for a price surge, others criticize Bitrue’s advocacy, especially given XRP’s 4.52% price decline over the past week and current trading value at $0.47. Bitrue has since deleted the controversial post.
Bearish
The aggressive promotion by Bitrue to go ’all-in’ on XRP amid its declining price and ongoing SEC lawsuit has generated market skepticism. The nonperformance of the asset over the past five years and the lack of a legal resolution contribute to a bearish sentiment, suggesting traders may offload XRP to avoid potential losses.