While XRP holders have an expectation to see the price at $1, XRP price continues to be slow in terms of climbing that price.  The price dips are happening are those who believe in XRP are looking at it as a chance to buy.  There are no signs of corrective moves for the price to touch $1.

Those who have been holding XRP for too long and tired due to the law suit and the slow price increase are selling it periodically. A gradual rise of price is expected.  The bulls are waiting as there is no major sustained spike to get things kick in.

XRP looks like the idea example of “holding hands” and the downside risk is a concern.  The strongest support is seen at $0.73. If the price does not hold a flash crash is possible to $0.50. The price of XRP at the time of writing has been trending at $0.85. There is a clear absence of volatility for XRP.

Chris Larsen called as “Judas” in response to his campaign with “Green Peace” and the “Sierra Club” where they claim that “Bitcoin should change its code and not the climate” pointing to how environmentally not so friendly the Bitcoin process is.

The $5 million campaign known as “Change the Code and not the Climate” alerted the leaders. The goal of the campaign is to grab the attention of the Bitcoin miners from across the world who are scattered yet supportive of the Bitcoin network by providing for the energy intensive mining process.

The campaign insisted that Bitcoin should change the “PoW” system to “PoS”

Chris Larsen also stated that this is a potential “Feel-Good” moment.

Chris Larsen expressed:  If you’ve read this far – thanks 🙂 I’ve spent 1.5 years thinking about possible solutions and invested nearly $90M into climate-change fighting efforts – everything from green hydrogen, EVs, and carbon capture.

Lastly, I want to emphasize that these efforts are mine alone. While I’m still Chairman of Ripple, the company is not involved in this campaign. (On that note, apologies to the Ripple comms team!)

However, the reaction from the Bitcoin community has not been impressive:

Nic Carter:  as a Bitcoin Node Operator and member of the Bitcoin High Priesthood that Controls the Protocol, I have duly considered Ripple’s and Greenpeace’s request to eliminate PoW from Bitcoin, and I hereby.  Deny it.

Ryan Selkis: Chris Larsen – who in a just society would be in jail for the bad faith investor misrepresentations he and his team made regarding their XRP sales – is spending money attacking the industry that created his ill-gotten multi-billion dollar fortune. Judas.

Erik Voorhees:  I’m very open-minded to PoS as an alternative consensus mechanism to PoW, not because it’s “better” but because it’s different; different costs/benefits and different attack surface. But no, Bitcoin should not consider it, and there is zero interest among Bitcoiners for it.