Some members of the XRP community have called on the leaders of the XRP ecosystem, including Ripple executives, to address the XRP’s price actions.
XRP enthusiast Mack from the Netherlands first issued this call, generating significant traction from other community members. Taking to X, Mack lamented that it was high time for something to be done about the XRP price as quickly as possible.
He issued a warning note, calling Ripple, its CEO, Brad Garlinghouse, and its CTO, David Schwartz. Besides, he tagged XRPL Labs, the team behind XRPL wallet, Xumm.
In the tweet, Mack specifically highlighted that the XRP community is becoming increasingly restless. “Things are really going in the wrong direction with XRP,” he remarked.
I think it is high time to do something about the XRP price quickly. Here’s a sincere warning to @bgarlinghouse @Ripple & @XRPLLabs @JoelKatz because the community is starting to get restless. Things are really going in the wrong direction with XRP.
Let’s see, I’m bringing in… pic.twitter.com/WNg7I4nXKT
— 🇳🇱 MackAttackXRP® 🇳🇱 66K-XRP-Followers (@MackAttackXRP) February 9, 2024
Furthermore, the XRP enthusiast lamented that despite bringing significant money into XRP every month, he noticed a decline in his connections and began contemplating selling.
XRP Army Argrees
In response to Mack’s sentiment, members of the XRP community echoed similar feelings, emphasizing their prolonged patience with XRP.
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“Now, it’s time that they start doing something and fast,” an X user commented.
On the other hand, an X user stated that they have already offloaded 75% of their XRP holdings and are planning to exit soon. They expressed frustration, mentioning that they have endured significant risks without receiving adequate rewards.
Meanwhile, a prominent XRP analyst, “Dark Defender,” shared that he has encountered similar challenging periods in the past. According to him, such frustration comes just before significant surges to all-time highs.
As a result, the analyst advised maintaining clarity regarding the current situation amid the desire to capitalize on financial gains. According to the analyst, all indicators favor XRP, which he believes remains a factual observation.
XRP trades at $0.5231 with 1.83% gains over the last seven days while welding a significant 16% decline in the last eight weeks.
The frustration among community members arises because XRP’s current price mirrors the same threshold it traded at five years ago. At the same time, tokens like Ethereum and Cardano have recorded gains of up to 1,000%.
Furthermore, XRP scarcely experienced movement in late 2023. Meanwhile, comparable prominent tokens witnessed gains exceeding 100%. This trend has led XRP holders to lose hope regarding its potential increasingly.