Yassin Mobarak does not mince his words. Ripple shareholder, this investment fund founder accuses the crypto company of having “sold a dream” to millions of XRP holders. A frontal attack which resonates painfully for investors, while the price languishes below $0.50.
Management of the crypto ecosystem under fire from criticism
On the X platform, Mobarak singles out Ripple for its questionable management of the XRP ecosystem. He points in particular to the recent departure of important validators like Alloy Networks, a symptom of a deep malaise.
According to him, Ripple failed on the issue of incentives for the players maintaining the network. The “no incentive” advocated by the company has shown its limits, to the detriment of the crypto ecosystem. Mobarak also denounces the opaque use of the famous escrow by Ripple.
In short, the policy pursued would have mainly benefited Ripple, without consideration for the crypto holders of XRP who have supported the project for years. Sharp criticism which reflects a certain disillusionment within the community.
Promising technical signals
However, some crypto observers detect promising signals on the price chart. They note striking similarities with the period before the 2017 price explosion.
At the time, Ripple (XRP) was also moving within a symmetrical triangle, a classic consolidation pattern before a strong rise. Additionally, the MACD indicator had given a crucial buy signal just before the surge.
Today, the graphics setup is eerily similar. XRP is once again moving in a symmetrical triangle, while the MACD is slowly approaching the positive zone. Enough to hope for fireworks soon?
Ripple (XRP) at a crossroads
It is difficult to decide between these two antagonistic visions. On the one hand, the governance of the Ripple (XRP) ecosystem seems to be a problem, which undermines the confidence of crypto holders. On the other hand, certain technical signals revive the hope of an explosive catch-up.
In reality, the future of XRP likely depends on external factors as much as Ripple’s policies. The outcome of the legal proceedings targeting the company in the United States will weigh heavily. And broader adoption within the financial sector would be a game-changer.
Regardless, holders of the XRP crypto are experiencing a critical period. Either the long-promised dream finally comes true, or current disillusionment gives way to bitterness. Suspense…
At $0.50, far from the peaks, the mood of Ripple (XRP) holders oscillates between hope and disenchantment. Criticisms of Ripple’s management reflect a certain unease. However, certain technical signals promise a bright future. The crypto XRP finds itself at a crossroads. The next few months will be decisive.
Maximize your Tremplin.io experience with our ‘Read to Earn’ program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
