Bitcoin maxi, FiatHawk criticized XRP investors, following a suggestion that the altcoin could rally to $10,000. This comes amid the recent drop below the psychological $3 level as part of the broader crypto market decline.
XRP Holders Are “Truly Retarded”
In an X post, FiatHawk remarked that XRP is the crypto for the truly retarded. This came as he shared a message about a potential investor mentioning how they could invest $300 in the altcoin now and watch it grow exponentially as XRP rallies to $10,000, as experts have predicted. The investors added that this would amount to $1 million on the initial $300 investment.
Following FiatHawk’s post, a crypto community member noted that a price tag of $10,000 would put XRP’s market cap at $593 trillion. They added that this is 191x Apple’s current market cap of $3 trillion. Meanwhile, a community member, Billiam, said that the statement about XRP hitting $10,000 can’t be real. The Bitcoin maxi then replied, saying that the altcoin’s current market cap confirms that the “world is full of retards.”
Another community member said that XRP investors are not retarded but simply “cheap.” They further stated that these investors lost the chance to buy Bitcoin but wished they were invested in the flagship crypto. FiatHawk responded that Sats are cheap but XRP is “incredibly expensive and overvalued.”
Amid FiatHawk’s criticism, it is worth noting that several XRP community members have predicted that the altcoin could rally to $10,000 at some point. Edward Farina, Head of Social Adoption at XRP Healthcare, once proposed a scenario where the altcoin could reach this target if it replaces the SWIFT network, thanks to Ripple’s payment operations.
Crypto analyst ‘Random Crypto Pal’ had also predicted that the XRP price could rally to $10,000. He declared that the altcoin’s market cap would no longer have limits once the Ripple and SEC lawsuit concludes.
XRP Suffers Price Drop
The XRP price dropped below the psychological $3 level on August 1 as the crypto market crashed on the back of new Trump tariffs, which would take effect from August 7. Although the altcoin has reclaimed this psychological level, it looks likely to suffer further declines, especially with the current market uncertainty.
In an X post, crypto analyst Ali Martinez said that the XRP price could find support around the $2.55 to $2.40 range. This was the major resistance that the altcoin first broke above before it recorded its rally to a new all-time high (ATH) of around $3.6 last month. Meanwhile, crypto analyst Egrag Crypto suggested that the altcoin could at least drop to $2.65 before it continues its next leg up.
At the time of writing, the XRP price is trading at around $3, up in the last 24 hours, according to data from CoinMarketCap.
Featured image from Getty Images, chart from Tradingview.com
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