thecryptobasic.com
Crypto commentator Julius Rose has boldly asserted his strong belief in XRP, suggesting that anyone in the crypto market not guiding others toward XRP is likely misleading them.
Rose shared this sentiment in a post on X on Friday, coinciding with XRP’s surge to a five-week high of $0.57. As of press time, XRP is trading at $0.5521, up 7.6% over the past week.
His statement that anyone not leading others to XRP is misleading them underscores his confidence in the asset’s long-term potential despite XRP’s relatively underwhelming performance in recent years.
While XRP has been a laggard compared to other cryptocurrencies, Rose’s perspective offers optimism for long-term holders, especially as some in the XRP community express frustration with the asset’s recent price action.
XRP Price Action in Recent Times
XRP’s weekly gain of 7.6% is modest compared to rivals like Solana (SOL) and Ethereum (ETH), both of which have posted impressive weekly gains of over 21%. On a monthly basis, SOL and ETH have risen by 50% and 30%, respectively, while XRP has increased by just 3%.
When looking at year-to-date performance, XRP is down by 10%, whereas Solana has surged by 97%, and Binance Coin (BNB) has gained 101% in the same period. This disparity has led to frustration among XRP holders, with critics using the underperformance to argue that XRP has limited potential in the current bull market.
Ripple CEO Optimistic About XRP’s Future
Despite these challenges, Ripple CEO Brad Garlinghouse has recently expressed optimism about XRP’s future. He believes regulatory changes under a potential Donald Trump administration could help XRP regain momentum.
Garlinghouse criticized the U.S. SEC’s lawsuit against Ripple, which has hindered XRP’s growth. He believes the incoming Trump administration’s crypto-friendly stance—especially Trump’s plan to replace SEC Chair Gary Gensler—could remove these obstacles.
Garlinghouse reflected on XRP’s past highs and expressed confidence that the asset could regain prominence in the market. The XRP community is also hopeful, with many seeing 2025 as a potential turning point for the digital asset.
A Critical Look at Julius Rose’s Optimism
It is worth noting that Julius Rose’s recent statement that anyone not leading people toward XRP is “misleading” them may be somewhat sarcastic. Rose has a history of criticizing XRP. Just two days ago, he argued that XRP would not reach a new all-time high in 2024, telling optimistic holders, “Sorry.”
In a more recent post, he even suggested the possibility that XRP might not hit a new all-time high in 2025, either.
what you doing if XRP doesn’t
hit all time highs in 2025?— julius rose (@mrjuliusrose) November 9, 2024