At a recent Bitcoin conference, James Seyffart, a senior cryptocurrency analyst at Bloomberg, found himself in the midst of controversy after making a joke about XRP. The joke, made during an interview with BlackRock’s Head of Crypto Assets, was not well-received by the XRP community, known for their passionate support of the cryptocurrency. The comment quickly spread on social media, leading to strong reactions from members of the “XRP Army.”
Reactions Grew on Social Media
The incident gained widespread attention after a tweet by an X user known as Subjective Views highlighted Seyffart’s comments, noting that the joke about XRP was poorly received by the community. XRP supporters quickly took to various social media platforms to express their disappointment. In response to the backlash, Seyffart attempted to clarify his stance on XRP.
In a follow-up tweet, he explained that his comment was a joke and did not reflect his true feelings about XRP. Seyffart told his audience that he supports Ripple in its ongoing legal battle with the SEC and criticized the SEC for overstepping in its dealings with Ripple and XRP. His initial response to the criticism seemed somewhat dismissive, suggesting that the backlash was not a major concern for him.
Support for Ripple and XRP
Seyffart’s response aimed to reassure XRP supporters of his support for Ripple and to calm the situation. He suggested that those deeply upset by the comment should reassess their priorities and approach to such situations. His comments were intended to reduce tension and promote a more relaxed perspective within the XRP community.
Amid the controversy, XRP experienced a significant price increase. Over the past two weeks, XRP’s value has risen by 66%, with a 27% increase in the past month alone. Currently trading at $0.60, XRP is moving upward within a rising channel, showing positive momentum.
The Relative Strength Index (RSI) for XRP stands at 59.02, indicating a strong position for the cryptocurrency. If XRP can surpass the $0.63 resistance level, it could rise further to potentially reach $0.67 and possibly $0.70.
