Is XRP Doomed? Weiss Crypto’s Shocking Revelation! 😱

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Ah, Weiss Crypto, that ever-watchful guardian of financial wisdom, has cast a shadow upon the bright, shiny Ripple-affiliated XRP cryptocurrency. Like a cold splash of water on a summer’s day, they have declared that a mere “favorable regulatory shift” does not magically conjure a robust use case for this token. Who knew? 🤔

In a twist of fate, the U.S. Securities and Exchange Commission has finally acknowledged the existence of multiple XRP exchange-traded fund (ETF) proposals. Could this be the dawn of a new era for XRP, where institutional acceptance flows like a river? The odds of an XRP ETF being greenlit in 2025 have now surged to nearly 80%. But hold your horses! 🐴

Weiss Crypto, with all the charm of a grumpy old man, has pointed out that the “limited utility” of the XRP token has been a “fundamental issue” since the dawn of time—or at least since the token’s inception. Talk about a long-standing problem! 😅

Earlier this Friday, the ever-eloquent Messari founder Ryan Selkis chimed in, suggesting that Ripple might find it hard to stage a comeback, given that stablecoins have already claimed victory. “Stablecoins won,” he declared, as if announcing the results of a long-awaited election. “The legislation will soon codify that victory in the U.S. XRP is drawing dead, as stablecoins grew two orders of magnitude during the SEC battles.” Ouch! That’s gotta sting! 😬

Separating winners from noise

Meanwhile, the illustrious Galaxy CEO Mike Novogratz has weighed in, asserting that the narrative is what “separates winners from noise” in this cacophony of cryptocurrency tokens. As the supply of tokens increases at a pace that would make a rabbit blush, he emphasizes that utility is “the next frontier.”

“Every lasting ecosystem has a story people believe in,” he mused, “But belief alone won’t cut it forever—utility is the next frontier.” So, dear reader, it seems we are left with a tale of caution, where the glimmer of hope for XRP is overshadowed by the stark reality of its utility—or lack thereof. 🥴

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2025-02-15 00:03