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In an interesting commentary, Altcoin Daily, a leading crypto media outlet, has suggested that some people criticize $XRP without fully understanding it.
$XRP remains one of the most criticized crypto assets in the market despite maintaining a top 5 position consistently for years and boasting an impressive value proposition around cross-border payments. Amid the persistent criticisms, the crypto asset has also recorded occasional upswings, up 16% this year.
Some $XRP Critics Do Not Understand the Asset
Most recently, the Altcoin Daily media outlet, run by brothers Aaron and Austin Arnold, pointed out that some of these criticisms against $XRP come from people who do not actually understand the asset. In a recent post on X directed at crypto investors, Altcoin Daily charged market participants not to waste their time with these people.
For instance, last year, $XRP came under heavy attacks from individuals within the Solana community, with some of them citing a lack of utility. Notably, last November, Vibhu Norby, Solana Foundation’s Product Marketing Head, argued that, while he wishes to see $XRP succeed, the token and its network lag in terms of user traction.
Vibhu suggested that $XRP had “mediocre” traction, especially when compared with competitor chains like Solana. According to him, investors who have committed their funds to $XRP should reconsider their position. A week later, Vibhu sarcastically said investors should sell their house, kids, beds, and other valuables to buy $XRP, mocking a popular mantra within the $XRP community.
However, a month after this FUD campaign, Vibhu retraced his steps, admitting that his understanding of $XRP and its community had matured. According to him, he came to “understand the uniqueness of $XRP.” This occurred shortly after Hex Trust announced plans to launch a wrapped $XRP version that could bridge to the Solana network.
Further Instances of Criticism Turned Praise
In a separate instance, market veteran Raoul Pal argued in August 2024 that $XRP investors only held onto the tokens due to a “cult-like” mentality, insisting that they should avoid old coins like $XRP. Pal suggested that these investors could miss another bull run. However, in December 2024, after $XRP’s 284% surge a month before, Pal admitted he was wrong about the token.
Moreover, billionaire Mike Novogratz, who persistently criticized $XRP years back, also retraced his words, noting in November 2025 that $XRP remains one of the few tokens that successfully turned into money. These instances align with Altcoin Daily’s recent commentary, which indicates that some of $XRP’s critics do not actually understand the asset.
Meanwhile, the outlet’s latest disclosure builds on a series of encouraging commentaries it has made surrounding $XRP. Last November, Altcoin Daily suggested that Bitcoin is the reserve asset, while $XRP remains the liquidity bridge. In April, the channel noted that $XRP was battling an “astounding” level of misinformation.