XRP is facing fresh skepticism as critics claim the recent rally is over. As the asset experiences a significant dip, doubts are being cast about its future, with some warning that investors could be stuck holding for years. Atomic Wallet, a popular non-custodial wallet, is leading the charge, following its earlier sarcastic praise of XRP.
Recently, this non-custodial decentralized wallet posted a tweet where they asked XRP holders to tell them what their plan is if the price of XRP falls to $0.50. This message comes as XRP had risen to a seven-year high at $2.87 within four weeks, a rise of 485%. The dramatic uptrend had the XRP supporters feeling very optimistic; however, critics like Atomic Wallet have now claimed that these gains cannot be sustained, given that XRP’s upward trend was usually followed by severe corrections.
XRP dips and Atomic Wallet stirs controversy
Since its peak, the cryptocurrency has had the sharpest decline to date, going all the way down to $2.06, with a loss of almost 28%. The non-custodial decentralized wallet caught onto this drop and ridiculed XRP holders, claiming XRP would never return to the $3 mark again. They even joked about how they would delete their X account if XRP reached that price again.
The XRP community has not taken well to this criticism. Members of the so-called XRP Army have rallied against Atomic Wallet, calling for a boycott. Many pointed to the platform’s history, including its involvement in a multi-million-dollar hack in 2023, suggesting that Atomic Wallet should focus on securing its own operations instead of targeting XRP.
The situation has turned contentious, with some even calling on Atomic Wallet to close its business down altogether. Others have questioned the sudden change of heart of Atomic Wallet, especially considering that the wallet had earlier taken sarcastic posts in support of XRP, such as a December 2 tweet where the wallet claimed it wouldn’t sell the cryptocurrency until it reached $300.
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