As the Ripple-SEC case draws near an end, several bullish predictions on XRP have been flooding the crypto community courtesy of different analysts and industry experts. Amid the flurry of positive XRP projections and wild optimism, a renowned crypto researcher has dropped a contrary view, warning XRP investors in the process.
Per a Wednesday tweet, WrathofKahneman (WOK), a widely followed crypto enthusiast and researcher focused on tracking XRP and Ripple developments, advised that XRP may not explode in price as widely forecasted. Hence, he stressed the need to be prudent and rational in making investments in the sixth-largest crypto asset by market capitalization.
Regarding the XRP Ledger (XRPL) network, WOK acknowledged its enterprising make-up but stated that its success is not guaranteed. “It’s still possible to be positive about the network’s possibility without believing wild stuff,” he chimed in.
Right? I would love to be wrong, but it's still possible to be positive about the network's possibility without believing wild stuff. I tend to eschew conflict on here though b/c it seems like it never ends 😅
— WrathofKahneman 🪝 (@WKahneman) June 28, 2023
According to him, it is only wise to “follow facts” rather than acting “true believers” toward a particular project and castigating people with different opinions.
In the words of WOK, “If someone says XRP won’t explode in price, replace world currency, or there’s no switch to flip, it’s not FUD. Be skeptical about anything you invest in. Be wary of “true believers”; follow facts. XRPL is an ambitious network but success is not guaranteed”
Reactions from XRP Community
Reacting to these seemingly antagonistic comments, several members of the XRP slammed WOK. While some said he lacked vision about XRP and the XRP Ledger, others claimed that he was engineering FUD against the project.
However, WOK maintained that he is merely examining his facts differently and should not be castigated for holding a different opinion about the unknown future of XRP.
“Look, at the very least, “lacking vision” is not the same thing as FUD. Don’t castigate people with different opinions of an unknown future. Sure, big investments carry risk, but risk must be approached factually,” he said.
It's fine to hold that opinion; my point is that it's not reasonable to call contrary opinions, especially with data, FUD. Not believing in $10k/ token doesn't mean one is a traitorous psyop, it just means we all read facts differently and are facing different risks.
— WrathofKahneman 🪝 (@WKahneman) June 28, 2023
Bullish XRP Expectations
Notably, XRP has been primed to surge astronomically post-SEC lawsuit against Ripple, the San Francisco-based crypto solutions company. These bullish predictions come as many experts believe the United States Securities Commission would lose the case following some shocking revelations in the recently released Hinman Speech documents for public view.
As published, top analyst Egrag submitted that the crypto asset could touch either $3.3 or $250 depending on the previous market cycle it follows. In another prediction, Crypto Micheal said XRP price could go parabolic after a breakout above a year-long major resistance level.
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