coinpedia.org
-
James Seyffart's joke about $XRP angered its loyal community at a Bitcoin conference.
-
Seyffart responds, clarifies support for Ripple, calls for a relaxed perspective.
-
$XRP's price surges 66% in two weeks, with potential to reach $0.70.
At a recent Bitcoin conference, Bloomberg’s senior crypto analyst, James Seyffart, found himself in the middle of a controversy after making a joke about $XRP. The comment didn’t go unnoticed by the “$XRP army,” a community of $XRP supporters, who quickly took to social media to express their displeasure.
Seyffart Joke On $XRP
The incident came to light after a tweet from an X user known as Subjective Views highlighted Seyffart’s remarks during an interview with BlackRock’s Head of Digital Assets.
While interviewing BlackRock's Head of Digital Assets, @JSeyff couldn't resist taking a shot at $XRP #Ripple #XRPCommunity #XRPL pic.twitter.com/WyMMNHB1vK
— Subjective Views (@subjectiveviews) July 26, 2024
The tweet noted, “While interviewing BlackRock’s Head of Digital Assets, Bloomberg senior Crypto analyst James Seyffart couldn’t resist taking a shot at $XRP.” This led to a wave of criticism from $XRP supporters, who quickly expressed their frustration on social media.
Seyffart later acknowledged the backlash in a tweet, stating, “Oh no! The $XRP army is canceling me for a joke at a Bitcoin conference.” Despite the negative response, His initial reaction suggested a level of relaxation rather than concern about the backlash.
Seyffart Responds to Criticism
To clarify his stance, Seyffart followed up with another tweet. He explained “For all the $XRP guys in my mentions. I don’t hate $XRP. It was a joke geared toward my audience and a joke that landed well. Hell — I’m absolutely rooting for Ripple in court against the SEC. I personally think the SEC has vastly over-reached in many areas including with Ripple/$XRP.
For all the $XRP guys in my mentions. I don't hate $XRP. It was a joke geared toward my audience and a joke that landed well. Hell — I'm absolutely rooting for Ripple in court against SEC. I personally think the SEC has vastly over-reached in many areas including with Ripple/$XRP.…
— James Seyffart (@JSeyff) July 26, 2024
Seyffart continued, “But if you’re this up in arms about some random dude making a light-hearted joke about the project, you’re NGMI. You should re-evaluate some things. Go touch some grass.”
This response aimed to reassure the community of his support for Ripple while also encouraging a more relaxed perspective on his joke.
$XRP Price Analysis
Apart from the ongoing community clashes, crypto influencer Wise Advice has highlighted a significant boost in $XRP’s value. Over the past two weeks, $XRP’s price has surged by 66%, with a 27% increase in the past month.
As of now $XRP is trading at $0.60 and is moving upward within an ascending channel. The Relative Strength Index (RSI) is at 59.02, which is comfortably above the neutral line of 50, indicating positive momentum.
If $XRP can successfully break through the $0.63 resistance range, it is expected to rise to $0.67 and potentially further to $0.70.