Ripple Role in XRP Underperformance: A Detailed Analysis – The Crypto Basic

Crypto critic Nietzbachs recently investigated XRP price underperformance from two hypothetical scenarios related to Ripple business operations.

In an in-depth post about X, Nietzbux commented on the widespread negative sentiment amid XRP’s poor performance in the bull market. He agreed that XRP’s current trajectory in this bullish cycle is disappointing. However, to provide insight into the state of the market, he highlighted potential positive and negative scenarios.

Notably, Nietzbux speculated from the angle of Ripple’s business activities related to XRP. He claimed that Ripple’s day-to-day XRP sales account for the majority of its business revenue. Additionally, he argued that the utility that Ripple has established for XRP is responsible for maintaining the price range between $0.50 and $0.60 during this bull cycle.

Thoughts on the low momentum of XRP.

I understand how low your emotions are. Personally, I’m not too excited about the current situation. But logically, there are several options to consider. One is a negative route and the other is a positive route.

What do we know? we know that…

— Nietzbux (@nietzbux) March 28, 2024

Negative scenario: Ripple exists only to dump XRP

Considering these claims, Nietsbachs proposed a theoretical scenario in which Ripple’s sole purpose is to sell XRP tokens from escrow. In this scenario, he argued, XRP would have no real utility, would not have a significant impact on the financial environment, and would not be adopted by banks.

Meanwhile, commentators considered potential entities through which Ripple could sell XRP. He highlighted possibilities such as institutions, venture capitalists, financial services companies and potentially banks.

He imagined that these buyers were simply securing favorable trades in XRP from Ripple and selling quickly for a quick profit. In this depiction, Nietsbachs characterized Ripple as essentially a mechanism for selling XRP.

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However, commentators raised important questions such as: “But does this mean anything?” Nietsbachs suggested it only makes sense to crypto critics who see the entire industry as corrupt.. To explain further, he tried to compare Ripple to the collapsed FTX empire.

Comparing Ripple to FTX

Nietzbux emphasized that FTX is run by a group of 10 young people, noting that the fraudulent business could have been easily discovered with minimal effort. In contrast, he emphasized that Ripple stands out by having a wide global presence and boasting 15 offices and more employees compared to FTX.

Additionally, Nietsbachs highlighted Ripple’s continued hiring efforts and the creation of new positions and departments within the company. He also emphasized that Ripple survived nearly three years of investigation without facing any criminal charges beyond failing to register some of its sales with the SEC.

In contrast, FTX collapsed under the weight of initial rumors of cheating that ultimately turned out to be true.

In essence, through this negative scenario, Nietsbachs is trying to establish that Ripple knows that it will not succeed in the adoption and commercialization of XRP and will make no effort to expand and hire new employees. did.

To those who think this may be a ploy to get investors to buy into a “dead coin,” Nietsbachs acknowledges that possibility. However, he countered this by stressing that Ripple’s XRP buyers are institutions that have access to private documents and can conduct thorough due diligence.

He emphasized that these institutions would not handle Ripple if it were just an XRP selling machine. Nietzburg asked readers to consider questions such as: “If the goal is to empty escrow and walk away, is that really the best way to go about it?”

Positive scenario: Ripple is hiding something

In exploring positive scenarios, Nietsbachs considered Ripple’s actions beyond simply selling XRP. He highlighted Ripple’s extensive presence in major international organizations such as the IMF.

Nietzbux speculated that the company’s partners will play an integral role in the new financial system, whether it’s SWIFT or other large-scale next-generation platforms for payments and foreign exchange. He emphasized that Ripple’s software will likely be incorporated into these systems in some form.

In this optimistic scenario, Nietzbux envisioned a situation where XRP’s utility would come from integration with these upcoming platforms. As a result, he suggested that selling XRP has emerged as a viable strategy among the options Ripple can pursue to fund expansion and fuel growth.

According to him, the rationale behind this expansion is the expectation for Ripple’s continued growth.

what it means

Essentially, Niezbachs highlighted the challenge of interpreting the actions of companies like Ripple. He highlighted the disillusionment being experienced by many long-term XRP holders who have lost faith in both XRP and Ripple for good reason.

Nietzbux pointed to the anomaly in XRP’s performance compared to other cryptocurrencies that have grown significantly without being positioned as a banking solution.

Nietzbux noted that the retail market seems to have lost interest in XRP, and widespread adoption of the cryptocurrency has yet to materialize. He concluded that the key lies in what Ripple knows but chooses not to share with the public.

Nietzbachs submitted as follows:

“Do they know that adoption goals are not being met and they are just keeping up appearances by dumping it on retail? Or do they know that adoption is coming up and So why not continue hiring and expanding? Time will tell.”