Popular
cryptocurrency
exchange,

Bitrue

has
urged
investors
to
go
all
in
on
XRP,
suggesting
the
cryptocurrency’s
potential
to
surge
dramatically
to
new
levels.
The
crypto
exchange’s
promotion
of
the

declining
digital
asset

has
triggered
a
significant
backlash
from
various
crypto
community
members.

Bitrue
Advocates
Full
Investment
In
XRP

Bitrue
has
advocated
for
crypto
community
members
to
fully
invest
in

XRP,
the
native
token
of
the
XRP
Ledger
(XRPL).
The
crypto
exchange
expressed
bullish
sentiment
for
XRP,
using
the
infamous
rocket
emoji
at
the
end
of
their
post
to
signify
a
potential
for
a

 

significant
bull
run
for
the
cryptocurrency.

“When
in
doubt,
go
all
in
XRP,”
the
exchange
remarked
in
an
X
(formerly
Twitter)

post.
Despite

XRP’s
price
stagnationover
the
years,
Bitrue
has
remained
a
major
advocate
for
the
cryptocurrency.
The
crypto
exchange
allows
users
to
trade
XRP
on
its
platform
and
also
offers
numerous
XRP
trading
pairs
with
popular
cryptocurrencies
like
Bitcoin,
Shiba
Inu,
Pepe
and
others. 

Following
the
ongoing
lawsuit
against
Ripple,
issued
by
the
United
States
Securities
and
Exchange
Commission
(SEC),
the
price
of
XRP
has
been
on
a
downward
trend.
The
cryptocurrency
previously
rose
to
an
all-time
high
of
$3.84
in
2018.
However,
over
the
past
5
years,
XRP
has

failed
to
match
this
peak. 

The

cryptocurrency’s
declined
state

has
been
a
major
concern
for
long-term
investors
and
XRP
supporters.
While
the
community
has
continually
stayed
optimistic
about
a
potential
rally
following
the
conclusion
of
the
SEC’s
lawsuit,
many
have
opted
to

sell
off
their
tokens

to
protect
themselves
from
potential
losses.  

Crypto
Community
Members
React

Bitrue’s
suggestion
to
invest
heavily
into
XRP
may
appear
insensitive
to
some
investors
considering

XRP
has
failed
to
witness
a
significant
rally

for
years.
The
price
of
the
cryptocurrency
is
currently
on
a
downward
trend,
trading
at
$0.47,
and
reflecting
a
4.52%
decline
over
the
past
week,
according
to
CoinMarketCap.

 

Unsurprisingly,
Bitrue’s
post
has
evoked
mixed
reactions
amongst
crypto
community
members,
attracting
backlash
from
a
few
followers.
One
community
member
announced
he
would
be
going
“all
in
on
XRP.”
However,
he
warned
that
if
his
investment
fails,
he
will
sue
Bitrue
for
its
supposed
financial
advice
and

endorsement
of
XRP.

Another
crypto
member
labeled
the
exchange’s
post
as
bold,
highlighting
Bitrue’s
recommendation
to
invest
in
XRP
despite
the
cryptocurrency’s
waning
value
and

lackluster
market
performance.
Likely,
in
response
to
community
backlash,
the
crypto
exchange
has
completely
deleted
the
controversial
post
from
X.

While
there
are
pessimistic
sentiments
about
XRP,
there
are
also
various
crypto
community
members
who
remain

bullish
on
the
cryptocurrency’s
price
outlook.
An
avid
XRP
supporter
and
community
member
identified
as
‘Jack
The
Rippler,’
has

expressed

significant
bullish
sentiment
for
XRP.

According
to
the
crypto
member,
XRP
is
poised
to
pump
harder
than
most
digital
assets,
indicating
the
possibility
for
the
cryptocurrency
to
witness
a
similar
price
surge
akin
to
its
record
high
in
2018. 

 

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

Go to Source
Author: Scott Matherson

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