Seyffart responds, clarifies support for Ripple, calls for a relaxed perspective. XRP's price surges 66% in two weeks, with potential to reach $0.70.
At a recent Bitcoin conference, Bloomberg’s senior crypto analyst, James Seyffart, made a joke about XRP that didn’t sit well with the cryptocurrency’s loyal community. Seyffart’s comment quickly sparked a wave of criticism on social media, as XRP supporters expressed their disappointment with the analyst's remarks.
The incident came to light after a tweet from an X user highlighted Seyffart’s remarks during an interview with BlackRock’s Head of Digital Assets. The tweet pointed out that Seyffart couldn’t resist taking a shot at XRP during the interview.
As a response to the backlash, Seyffart acknowledged it in a tweet, saying that the XRP army is canceling him for a joke at a Bitcoin conference. Seyffart's initial reaction to the criticism appeared to be more relaxed than concerned.
To clarify his stance, Seyffart followed up with another tweet, stating that he doesn't hate XRP and that his comment was geared toward his audience and landed well. Seyffart also mentioned that he's rooting for Ripple in court against the SEC, adding that he personally thinks the SEC has over-reached in many areas, including with Ripple/XRP.
However, Seyffart went on to say that if people are up in arms about some random dude making a light-hearted joke about the project, then they're NGMI and should re-evaluate some things and go touch some grass. This response aimed to reassure the community of his support for Ripple while also encouraging a more relaxed perspective on his joke.
Apart from the community clashes, crypto influencer Wise Advice has highlighted a significant boost in XRP’s value. Over the past two weeks, XRP's price has surged by 66%, with a 27% increase in the past month. Currently, XRP is trading at $0.60 and moving upward within an ascending channel.
If XRP can successfully break through the $0.63 resistance range, it is expected to rise to $0.67 and potentially further to $0.70.
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