Ripple ‘Going in the Wrong Direction’: XRP Community Begins to Liquidate as Price Declines

February 11, 2024

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The price of XRP token has been declining over the past 4 weeks, frustrating many long-term holders. XRP Captain, a prominent community member, has issued an urgent call to action for Ripple leadership over the lackluster performance.

Falling Prices, Broken Expectations

After the last peak at $0.75 in November 2023, XRP has continued to fall, with its current price sitting at $0.52, and remaining in a downward channel, indicating the longer-term downward trend is still in play. Many had hoped the partial SEC win last year would spur major gains, but that has failed to eventuate.

Community Starting to Lose Faith

This uninspiring price action has led parts of the XRP community to lose faith after years of patience wearing thin. As XRP Captain explains, “The Community Is Starting To Giveup.” He has brought many people to XRP, but disappointing returns have caused some followers to begin liquidating holdings.

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Things Going in the Wrong Direction

XRP Captain issued a “sincere Warning” to Ripple CEO Brad Garlinghouse, Ripple itself, and other affiliated organizations that things are “REALLY Going In The WRONG Direction.” He says fast action is needed on the XRP price for the health of the community and token outlook. Without intervention, frustration and capitulation may continue building.

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