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Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans

XRP Will Survive Even A Nuclear War, Claims John Deaton

Eli Dambel
Eli Dambel
1 year ago
3 mins read
Ripple XRP

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Lawyer and crypto enthusiast, John Deaton, has made yet another bullish remark on XRP. True to Deaton’s words, the digital asset has proven resilient amid challenges, including regulatory attacks and backlash from crypto industry players.

While responding to Coindesk’s tweet, Deaton touted XRP as the most resilient coin in the crypto industry that would survive even a nuclear war as it has been topping charts over the past weeks with impressive gains. 

The Surge In Dominance

Deaton’s latest comments come as XRP records massive rallies with over 60% price increase in two weeks, according to Coindesk’s TV platform reports. This has happened despite XRP facing attacks and criticism from top industry leaders like Cardano’s Charles Hoskinson and Vitalik Buterin. 

On December 17, 2022, Charles Hoskinson stated that the XRP community is toxic, and petty and will no longer comment on anything concerning the token. His statement came after Buterin labeled the cryptocurrency a shitcoin while responding to Ripple’s Wells submission amid other criticisms. In addition, some Bitcoin maximalists supported the SEC’s move against XRP, calling it a banker’s coin.

Related Reading: These Top 5 Meme Coins Are Bleeding As March 2023 Ends – Here’s Why

Deaton, who represents thousands of XRP holders as amicus curiae in the Ripple v. SEC lawsuit, made his remarks in light of these criticisms. 

XRP showed incredible performances in South Korea recently, surpassing Bitcoin in trading volume on top exchanges. Coindesk’s TV platform, featuring its executive director, Emily Parker, highlighted these during the recent broadcast. 

Parker attributed the asset’s dominance to the increasing demand for the token by South Korean traders. She further noted that the renewed optimism about the expected outcome of the SEC v. Ripple lawsuit also contributed to XRP’s performance. 

The community, including Ripple’s CEO Brad Garlinghouse, are optimistic about the court’s ruling on the lawsuit. This expectation has boosted their confidence in the coin while sparking bullish sentiment among investors. 

XRP Price Performance Outlook

XRP’s price moves started on March 15 when the assets scored some gains, though very slight. The rally became notable when it added 11%, in a day, on March 21 when other coins’ prices were down. These rallies pushed XRP’s price from $0.3606 on March 15 to $0.5454 on March 29, a 60% increase within two weeks.

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Although XRP experienced a slight pullback, the token still holds more than 15% gains over the past week. Not only that, XRP has recorded a 36.69% price gain over the past 30 days. These moves place XRP ahead of most coins in performance and the highest gainer among the top 20 cryptocurrency assets.

XRP Will Survive Even A Nuclear War, Claims John Deaton
XRP is trading at $0.5147 on the chart l XRPUSDT on Tradingview.com

XRP is trading at $0.5147, with a 0.54% price increase over the past 24 hours. The asset might climb above the current price level should it maintain its bullish momentum. More so, the token could rally even higher if Ripple emerges victorious in the ongoing SEC lawsuit.

Featured image from Pixabay and chart from Tradignview.com

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Eli Dambel
Eli Dambel

Eli Dambel

Eli brings an eclectic point of view to market analysis. Currently, he writes about various asset classes, including Crypto and Stocks. Eli has been writing crypto oriented content for almost 6 years now and he is a hard core believer in Blockchain and is confident that it can reform the traditional financial system. He also thinks Bitcoin will become universal currency in the near future.

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You can follow Eli on Twitter: @EliDambel

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

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