thecryptobasic.com
Prominent figures in the $XRP community have raised concerns amid Ripple’s president’s unclear response to an inquiry about $XRP adoption following the $XRP lawsuit victory.
In a recent interview with the Chain Reaction Pod, Ripple president Monica Long faced a critical question regarding the implications of the U.S. court ruling that classified $XRP as not a security for retail investors.
However, her response to the inquiry has left numerous $XRP community members more perplexed than enlightened. Specifically, in response to whether the court ruling had spurred increased adoption of $XRP, Long’s answer lacked a definitive endorsement of a positive impact.
She noted a more consistent trend line in the market, attributing it to speculation over the past few months. Hence, in her view, the crypto market has exhibited a more unified movement than one specific to $XRP.
In Monica Long’s words:
“I’ve observed a more consistent trend line of the market moving together over the past several months, based on speculation and excitement of ETF. So the market has been moving more together versus a segmented fashion.”
Top $XRP Figures React
The remark from Ripple’s president sparked significant reactions from the $XRP community.
Well-known $XRP figure “WrathofKahneman” pointed out that while the question pertained to adoption, the response focused more on price, deviating from what would typically be associated with adoption.
As a result, he asserted that her response conveyed a polite “no,” as it lacked any indication of affirmation or agreement.
Similarly, Yassin Mobarak, founder of Dizer Capital, expressed his concerns about Long’s response. He stressed that the lack of a definitive answer is a fundamental issue. Mobarak remarked:
“This is a fundamental question, and the fact that Monica Long could not give a clear “Yes answer is concerning.”
This is a fundamental question, and the fact that @MonicaLongSF could not give a clear "Yes" answer is concerning. It leads me to two conclusions.
1) The U.S. market continues to represent a serious penetration challenge for @Ripple , even after $XRP regulatory clarity.
2) $XRP… https://t.co/QuyZTCEiSp
— Yassin Mobarak 🪝 (@Dizer_YM) January 19, 2024
Meanwhile, Mobarak resolved to two possible conclusions from Long’s response. Firstly, he suggested that the U.S. market still poses a significant challenge for Ripple, even after regulatory clarity on $XRP.
Secondly, he proposed that $XRP’s adoption and potential price growth may not solely hinge on Ripple’s efforts. Instead, the pivotal factors would be the use cases and projects building on the $XRP ledger, such as Hooks, Evernode, and xSpectar.