Peter Smith
XRP tumbled to $2.75 today even after getting positive coverage from USA Today. The major outlet highlighted XRP's potential in cross-border payments but warned against expecting huge returns.
USA Today just ran a piece calling XRP "the smartest cryptocurrency" to buy with $500 right now. The article, syndicated from The Motley Fool, talked up XRP's "long-term growth potential" and its real-world use in international payments.
This isn't just any random blog - USA Today's X account has over 5 million followers. But XRP's price didn't get the memo. While the article was making rounds, XRP crashed to $2.75 before bouncing back slightly, according to CoinGecko data.
XRP Price Contradicts Media Hype
The timing couldn't be more ironic. Just as mainstream media sings XRP's praises, the token takes a nosedive. This pretty much sums up crypto markets - good news doesn't always mean green candles.
The article did manage expectations though. With XRP sitting at a $170 billion market cap, it's not a small-cap altcoin anymore. The piece warned against expecting "explosive" returns from the early days, suggesting "slow and steady" growth instead.
XRP (Ripple) Faces Stablecoin Challenge
The USA Today piece wasn't all positive for XRP. It admitted stablecoins are actually better for international transfers than XRP - which is supposed to be XRP's main selling point.
The article mentioned Ripple's RLUSD stablecoin might help XRP indirectly since they share the same network. But most RLUSD supply is actually on Ethereum, not XRP Ledger, so that benefit might be limited.
Bitcoin Maximalists Push Back
The article ruffled feathers in the Bitcoin community. Bitcoin maximalists came out swinging on social media, not thrilled to see a major outlet promoting an altcoin.
The whole situation shows how divided the crypto community remains - mention any coin besides Bitcoin positively, and you'll catch heat from the Bitcoin-only crowd.
Peter Smith
