Crypto YouTube blogger and early Bitcoin investor Davinci Jeremie has showered praises on BTC while taking a shot at Ripple-promoted cryptocurrency, XRP.
Davinci recently commented on a video interview, where the host reveals that she holds $1,300,000 in XRP, anticipating the cross-border payments token to reward her with a lifetime fortune when the price soars to the $10 mark.
XRP is currently trading hands for $2.81. Over a 24-hour period, it is down by over 5.8%. Zooming out further and the third-largest cryptocurrency has taken a 10.3% hit over the past 30 days, CoinGecko data shows.
Davinci stated that many people who own Bitcoin and XRP do not completely understand what these crypto assets are. While he did not explain why he thinks XRP is “a scam you can gamble on,” he offered some insights into why Bitcoin is better. Because, well, it’s “the best wealth storage.”
XRP has in the past been lambasted as a centralized scam by many Bitcoin adherents, including Max Keiser. Such BTC maximalists have oftentimes criticized Ripple for supposedly dumping XRP on the market and suppressing the price.
Moreover, XRP was embroiled in a high-profile legal brawl with the U.S. Securities and Exchange Commission for nearly five years after the regulator sued Ripple in 2020 under former Chair Jay Clayton over the token’s security status. However, both Ripple and the SEC have since formally dismissed their respective appeals, concluding years of litigation and removing regulatory uncertainty after Donald Trump retook office as U.S. president and installed new leadership at the agency.
Meanwhile, weakening price technicals could spell trouble for the XRP price, as bulls must reclaim the psychological $3 resistance level or risk a more painful pullback. A decisive move above this region could set XRP up for a potential moonshot breakout to new all-time highs.
