(CoinPedia) - Despite securing a recent favorable ruling in its ongoing lawsuit with the SEC, Ripple’s native token, XRP, continues to face what appears to be a relentless series of attacks. According to Ashley PROSPER, XRP is the subject of a well-orchestrated assault. He has raised a series of indicators that suggest that not all is well in the house of XRP.
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XRP is facing a series of attacks, including coordinated media negligence, FUD, and social media hacks.
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The SEC lawsuit against Ripple is also a major factor in the attacks.
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Despite these challenges, XRP remains a strong contender in the crypto arena.
Let us delve into the details.
Coordinated Negligence by the Media?
Ashley PROSPER claims that media agencies are deliberately ignoring the XRP community. He cites the lack of mainstream media coverage, despite XRP consistently making headlines in crypto-focused publications like The Crypto Basic.
Fear, Uncertainty, and Doubt—collectively known as FUD—are allegedly being spread in a synchronized manner, targeting XRP. While it’s challenging to validate such claims definitively, the suspicion remains given the cloud of uncertainty surrounding XRP.
The SEC Lawsuit
Ashley’s third point of attack focuses on the ongoing SEC lawsuit against Ripple, the company behind XRP. He suggests that financial giants like JP Morgan are involved in high-level discussions with the SEC, thereby amplifying concerns around XRP’s future. The SEC lawsuit has had undeniable economic implications, leading to billions in investor losses.
Social Media Hacks and Scams
Prominent XRP community members have recently become victims of social media hacks. From Attorney Jeremy Hogan to John Deaton, the trend is disturbing and has been called into question by Ashley as a fifth indicator of the alleged coordinated attack.
Labeling the XRP Army: The Final Straw?
Ashley cites the characterization of the XRP Army as “aggressive” by the SEC and as “conspiracy theorists” by other corners as his sixth indicator. Such labels can have lasting reputational effects, especially when they originate from regulatory bodies and widely read critiques.
Not to be overlooked, a seventh indicator has surfaced, highlighting an influx of bot accounts on XRP social platforms. These bots are said to be promoting fake XRP giveaways and scams, further sowing discord and mistrust within the community.
Monica Long, Ripple’s President, in a recent CNBC interview, expressed a resilient stance, indicating that the company was willing to fight the SEC all the way.
It’s important to underline that despite these challenges and controversies, XRP remains a strong contender and a promising currency in the crypto arena. Its technological advantages, real-world applications, and a robust community of supporters ensure that it continues to be a force to be reckoned with.
We’ll Leave You With This: Top Reasons Why XRP is About to Become Way Bigger Than Everyone Thinks.
Will XRP weather the storm? Share your thoughts.
By Qadir Ak
September 15, 2023
