XRP 2024 FUD Tactic: Massive Ways It Hurts Retail Investors
Prominent crypto expert NotFinancialAdvice (NFA) recently suggested that the FUD (Fear, Uncertainty, and Doubt) surrounding XRP might be a deliberate strategy. According to a clip posted on X, NFA believes the constant negative narratives about XRP are part of a plan to prevent retail investors from purchasing the token at discounted prices.
XRP, much like other cryptocurrencies, has been the subject of persistent FUD. Earlier this year, pro-XRP lawyer Bill Morgan highlighted three major FUD narratives. These include the idea that XRPs price is being suppressed, that the token lacks legal clarity, and that Ripples stablecoin (RLUSD) could make XRP obsolete. Despite efforts to counter these claims, these fears continue to circulate within the community, shaking retail confidence.
NFA has Difference of Opinion About XRP
NFA, however, is not convinced by these narratives. He sees the constant spread of negative information as a calculated effort. He claims that powerful entities are pushing these stories to manipulate market sentiment and discourage individual investors. Certain narratives we perceive as naturally occurring could be part of an overall strategy, NFA remarked, hinting at the involvement of major players with vested interests.
He further explained that these powerful entities could be using social media to engineer public perception, creating uncertainty about the Ripple token. This tactic could give institutions more control over the token while preventing the average investor from capitalizing on low prices.
NFA also emphasized Ripples significant role in the future of digital payments, pointing to partnerships with influential bodies like the International Monetary Fund (IMF) and the United Nations (UN). He suggests that institutions might be creating fear to secure a larger share of XRP before its potential surge in value.
Despite the FUD, Ripples token remains a strong contender in the crypto world. Its current market price hovers around $0.50, down 15% from its yearly high. However, the tokens long-term potential, especially with institutional backing, continues to intrigue those who look beyond the fear-driven noise.
In NFAs view, this ongoing uncertainty could simply be a part of the game to keep retail investors on the sidelines.
Read more: https://www.tronweekly.com/xrp-fud-tactic-ways-it-hurts-retail-investors/
Text source: TronWeekly
