A cryptocurrency analyst has identified the reason why XRP is struggling to hit $100. Contrary to what most investors think, the analyst claims that We are fighting the price of XRP are not particularly caused by the ongoing Ripple legal battle with the US Securities and Exchange Commission (SEC). He rather believes that this is the result of the acquired negative perception of XRP among investors and the broader cryptocurrency community.

The Truth About XRP Price Stagnation

Earlier this month, Levi Rietveld, a popular cryptocurrency analyst, took to X (formerly Twitter) to to discuss the main reason why XRP price remained stagnant and why it still hasn’t reached the $100 mark.

Although many probably attribute XRP Price Issues to the three-year-long legal battle with the SEC, Rietveld offers a different perspective. He suggests that XRP’s struggles and lack of widespread global adoption is largely driven by spreading disinformationwhich seriously damaged cryptocurrencies and weakened the entire industry.

The analyst singled out a well-known financial expert, Raoul Palaccusing him of spreading hatred against XRP Community and criticizing him for his negative commentary on XRP. Rietveld emphasized that Pal is a highly respected and influential figure in the cryptocurrency community, and therefore his words could significantly influence or change investor perceptions.

The analyst further revealed that Pal had repeatedly insisted that XRP Investors abandon cryptocurrency and invest in what he considers to be better alternatives such as Ethereum (ETH) and Salt (NO).

Shedding featherlight on the current market behavior and price dynamics of XRP, Ethereum, and Solana, Rietveld emphasized Forceful XRP Fundamentalsemphasizing that the cryptocurrency has performed significantly better than many other coins, including SOL. For the past seven days, XRP Price rose by about 6%, while Solana fell by 0.2% over the same period.

The analyst also dismissed Pal’s claim that investing in XRP is tantamount to being part of a cult, arguing that it reflects a genuine belief in Technological innovation of this pioneering cryptocurrency. Rietveld also pointed to comments made by Pal during one of his many YouTube videos, in which he described XRP as a relic from previous bull cycles.

Responding to Pal’s claims, Rietveld revealed that despite the legal challenges stemming from the Ripple-SEC dispute, XRP has shown remarkable resilienceHe noted that cryptocurrency has also played a key role in providing much-needed legal clarity in the case of other cryptocurrencies, after the court found them not to be securities.

Can XRP reach $100 if market sentiment improves?

In his post, Rietveld praised XRP for technological efficiencyemphasizing that the cryptocurrency was fundamentally far superior to 99.9% of all cryptocurrencies on the market. He suggested that the price of XRP could potentially reach the desired $100 if the negative sentiment surrounding cryptocurrency dissipates.

To counter this, Rietveld suggested that XRP supporters should consistently respond to criticism of the coin with concrete facts that demonstrate XRP’s value in the market. He also urged investors to stand up to bad actors who spread disinformation and speak ignorantly about XRP.

Featured image created with Dall.E, chart from Tradingview.com