In a recent video posted on X, Levi (@LeviRietveld), a prominent crypto figure, addressed what he believes is a significant barrier preventing XRP from reaching the $100 mark. The video includes a critique of Raoul Pal, a well-known figure in the crypto space, for his remarks about XRP and Cardano.
Levi begins by stating that misinformation is a key factor holding XRP back from mass adoption by major institutions. He points out that many in the XRP community may think regulatory challenges are the primary reasons and blame the SEC.
However, according to Levi, the damage caused by individuals spreading misinformation and undermining XRP’s value and potential is more significant.
Raoul Pal’s comments in particular have drawn Levi’s criticism. In a clip from Pal featured in the video, Pal describes XRP as a relic from past bull markets, advising investors to shift their focus to cryptocurrencies with stronger momentum.
He also warns that XRP investors might be stuck in a “cult” mentality, stating, “Cults don’t make money except for the leaders,” and suggesting that hope is not a viable investment strategy.
Pal’s comments suggest that XRP and Cardano may no longer be the best investments compared to options like Ethereum and Solana. Pal’s original video drew strong criticism from the XRP and ADA communities.
Is XRP Old News?
Levi strongly disagrees with Pal’s assertions, describing them as “ignorant” and “not backed by anything.” Levi argues that Pal has failed to recognize XRP’s technological innovations and its utility in revolutionizing cross-border payments.
Levi also highlights the significance of XRP’s partnerships with major institutions, including governments and major financial entities like BlackRock, which he claims have embraced XRP’s ledger technology.
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According to Levi, XRP has outperformed many other cryptocurrencies, including Pal’s preferred investments, such as Solana.
Levi points to recent performance data showing that XRP has maintained stability while other cryptocurrencies, such as Solana and Ethereum, have experienced significant declines.
He also references Ripple’s victory in its legal battle with the SEC, which has provided critical legal clarity for the entire crypto industry.
Levi addresses Pal’s comparison of XRP to older bull market cycles, dismissing it as a misunderstanding of the unique challenges XRP has faced. He believes that Pal’s preference for Solana, despite the blockchain’s frequent outages and regulatory setbacks, undermines his credibility. Levi goes so far as to suggest that Pal’s criticisms of XRP may be influenced by his desire to boost Solana’s value.
Levi also urges viewers to push back against misinformation and continue to advocate for XRP, because overcoming these obstacles will allow XRP to achieve the price targets its community has long been aiming for.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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