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Shayan Salehi, a digital member of the World Economic Forum (WEF), recently admitted that XRP is a “good coin” amid the market collapse.
The cryptocurrency market is currently experiencing a correction, featuring price pullbacks across major assets. Notably, Bitcoin (BTC), the leading crypto asset has plummeted below $93,000, leading to a drop in the global crypto market cap to $3.19 trillion.
WEF Member Praises XRP’s Resilience
As the turbulence persists, Shayan Salehi, a digital member of the World Economic Forum (WEF) and an advocate for blockchain technologies, has praised XRP for its resilience.
Salehi’s remarks come when XRP stands out for its strong performance despite the broader market correction. While Bitcoin managed a marginal weekly gain of 0.11%, Ethereum rose by 9.23%. In addition, Solana is down 2.66% within the same timeframe.
Amid the poor performance exhibited by these top assets, XRP has maintained an impressive 25.64% despite the ongoing correction. This resilience is noteworthy, particularly as XRP continues to hold above the $1.36 support level.
Notably, XRP has also remained above the $1 mark since reclaiming it on Nov. 16. Analysts believe XRP is leveraging its current support zone as a foundation for recovery. Its next target is the $1.96 resistance level, which represents its peak during the 2021 bull run.
Salehi expressed his thoughts in a recent post on X. He revealed that the existence of XRP and HBAR helped him to properly navigate the current market challenges.
Matrix attack over ♥️💀 that was scary.
Only because $XRP and $HBAR exist I kept my sanity.
I don’t own any XRP but I think it is a good coin.
— Shawn (@oroogle) November 25, 2024
However, the blockchain advocate confirmed that he does not particularly own XRP in his portfolio. Despite this, Salehi referred to XRP as a “good coin.” His endorsement is in sync with his ongoing advocacy for XRP and Hedera, two assets he frequently promotes.
Salehi’s Constant XRP Endorsements
Interestingly, nearly a week ago, the market pundit predicted an impending altseason if Bitcoin fails to reach a new ATH and remains range-bound. He speculated that such stagnation in Bitcoin’s dominance could result in an inflow of capital into altcoins, driving new ATHs XRP and others.
If Bitcoin fails to make another ATH and keeps ranging here, altseason is inevitable.
Expecting new ATH on $HBAR $XRP and other alt coins if that happens.
Clear signal BTC.D is topping and money will flush into alts 🌊
— Shawn (@oroogle) November 20, 2024
Meanwhile, on Nov. 21, he outlined scenarios where Bitcoin could achieve massive price milestones. He suggested that if President-elect Donald Trump implements tax-free policies for cryptocurrencies, Bitcoin could soar past $100,000 and potentially $200,000 by the end of 2025.
Salehi emphasized that such policies would benefit altcoins like XRP, HBAR, and ADA. He linked this potential rally to Bitcoin breaching $150,000, which he believes could trigger ATHs for most top 30 altcoins.
Interestingly, Bitcoin nearly crossed the $100,000 threshold on Nov. 22, reaching $99,800 before facing a pullback.
Five days ago, Salehi asserted that XRP and HBAR would play important roles in shaping the future of cryptocurrency in the United States. He referred to the “American Crypto Act,” which he believes could introduce tax-free policies for crypto asset