Ripple-supporting attorney John Deaton claims that the altcoin project will survive even a nuclear war. In his latest statements, he made another bullish prediction about XRP.
“The most durable altcoin to survive even a nuclear war”
John Deaton made another bull comment about XRP on Twitter. True to Deaton’s words, XRP has proven resilient amid challenges, including regulatory attacks and backlash from crypto industry players.
In response to Coindesk’s tweet, Deaton touted XRP as the most durable coin in the crypto market to survive even a nuclear war, topping the charts with impressive gains over the past few weeks.
XRP ‘durable’ despite attacks and criticism
Deaton’s latest comments came as XRP recorded massive rallies with price gains of over 60% in two weeks. This rally came despite XRP facing attacks and criticism from prominent industry leaders such as Cardano’s Charles Hoskinson and Vitalik Buterin.
On December 17, 2022, Charles Hoskinson stated that the XRP community is toxic and junk and will no longer comment on anything altcoin related. His statement came after Buterin, among other criticisms, described the cryptocurrency as a shitcoin while responding to Ripple’s Wells presentation. In addition, some Bitcoin maximalists supported the SEC’s move against XRP, calling it a bank coin.
Deaton, who represented thousands of XRP holders as amicus curiae in the Ripple-SEC lawsuit, made his statements in the light of these criticisms. The XRP price manages to maintain its position as the market leader in terms of volume, despite all the criticism about it.
Altcoin investors show interest in XRP again
cryptocoin.com As we reported, XRP has had incredible performances in South Korea lately. It has surpassed Bitcoin in trading volume on the largest exchanges. Experts attribute the increasing dominance of XRP to the growing demand for the altcoin by South Korean investors. He also noted that renewed optimism about the expected outcome of the SEC-Ripple lawsuit also contributed to XRP’s performance.
The community, including Ripple’s CEO Brad Garlinghouse, is optimistic about the court’s decision on the case. This expectation aroused a bullish feeling among investors and increased their confidence in cryptocurrencies.
XRP price analysis
XRP’s price action started on March 15, when it made some gains, albeit very lightly. The rally became notable when it rose 11% in one day on March 21, when the prices of other coins fell. These rallies pushed the price of XRP from $0.3606 on March 15 to $0.5454 on March 29, up 60% in two weeks.
Although XRP has experienced a slight pullback, the token is still gaining more than 15% from last week. Not only that, XRP has seen a 36.69% price increase over the past 30 days. These moves place XRP ahead of most coins in performance and the highest earner among the top 20 cryptocurrencies.
XRP is trading at $0.5004, down slightly in the last 24 hours. If it continues its upward momentum, it can rise above the current price level. Also, if it wins the ongoing SEC lawsuit, the price will likely perform like the last Dogecoin rally.
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