John Deaton: XRP is the Most Resilient Crypto – Even a Nuclear War Won’t Stop it

John Deaton

XRP has demonstrated its strength by making periodic gains despite criticism from crypto supporters and regulators. John Deaton, the founder of crypto-law.us and crypto advocate, has highlighted this resilience and claimed that not even a nuclear war would be able to eliminate the asset.

The American lawyer, a representative of numerous XRP holders in the ongoing SEC lawsuit, made the above statement following XRP’s recent rally, where the asset’s value increased by 60% within two weeks. Deaton’s remarks were made in response to CoinDesk’s coverage of XRP’s growing dominance in the crypto market. Essentially, Deaton highlighted XRP’s resilience in the face of criticism and its ability to bounce back from setbacks, which has led to its increasing dominance in the cryptocurrency market.

In a recent tweet, John Deaton stated that XRP had demonstrated unparalleled resilience in the face of attacks from industry leaders and regulators, including the U.S. SEC. Despite criticisms from figures such as Cardano founder Charles Hoskinson and Ethereum co-founder Vitalik Buterin and support for the SEC’s actions from some Bitcoin maximalists, XRP has continued to perform well. Deaton’s tweet suggests that, in his opinion, no other cryptocurrency has shown the same level of resilience as XRP, given the obstacles it has faced.

Read article: Ripple Leadership Openly Challenges SEC: Settlement Unlikely?

John Deaton responded to a tweet from CoinDesk, stating that XRP has demonstrated remarkable resilience despite facing criticism from various industry leaders and regulators. He mentioned that people have referred to XRP as the “Banker’s Coin,” “shitcoin,” and “security,” but it has still been able to perform well. He added that even if a “nuclear war” occurred, XRP would still survive and compared it to a cockroach, known for its ability to survive in difficult conditions.

John Deaton’s comment was in response to CoinDesk TV’s latest coverage of XRP, which featured Emily Parker, Executive Director at Coinbase. During the segment, Parker discussed XRP’s significant dominance on top exchanges in South Korea, which was also recently reported by CoinDesk. XRP has surpassed BTC regarding trading volumes on these exchanges, indicating a strong presence and high demand for cryptocurrency in the region. Deaton’s remark suggests that XRP’s success in South Korea is just one example of its growing dominance and resilience in the cryptocurrency market.

XRP Gains More Than 24% in 24 Hours

XRP’s rally began in the early hours of mid-March when the cryptocurrency closed its daily candle at $0.3473 on the 12th.  However, the rally became more noticeable on March 21 when XRP recorded a 25.79% gain in just 24 hours. Over the next two weeks, the asset’s value rose steadily and eventually peaked at $0.5748 on March 29. This represented a remarkable 60% increase in value within just two weeks, highlighting the impressive growth and performance of XRP during this period.

Although its recent rally has slowed, XRP has achieved a gain of 15.65% over the past week, the highest among the top 20 cryptocurrencies. Currently, XRP is trading at $0.5102 and aiming to maintain its position above the $0.51 mark. Despite facing some challenges, XRP’s impressive gains over the past week indicate that the cryptocurrency remains in demand and has the potential for further growth.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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