Amid the ongoing turbulence in the cryptocurrency market, with major assets experiencing significant price pullbacks, including Bitcoin (BTC) plummeting below $93,000 and the global crypto market cap dipping to $3.19 trillion, one digital member of the World Economic Forum (WEF) has singled out XRP for praise. Shayan Salehi, a noted blockchain advocate, has commended XRP for its resilience during the current market correction.
Salehi’s remarks are notable given XRP’s robust performance, even as its peers have struggled. Bitcoin, for instance, managed a marginal weekly gain of just 0.11%, and Ethereum fared somewhat better with a rise of 9.23%. Meanwhile, Solana has declined by 2.66% within the same timeframe. In stark contrast, XRP has managed to maintain an impressive 25.64% despite the ongoing correction, continuing to hold above the $1.36 support level.
This resilience is particularly noteworthy given that XRP has remained above the $1 mark since Nov. 16, leveraging its current support zone as a foundation for recovery. The next target for XRP is the $1.96 resistance level, the peak it achieved during the 2021 bull run.
Salehi shared his thoughts during a recent post on X, stating that the existence of XRP and HBAR helped him navigate the current market challenges. Despite not holding XRP in his own portfolio, Salehi referred to it as a “good coin,” an endorsement that aligns with his ongoing advocacy for XRP and Hedera, assets he frequently promotes.
Almost a week ago, Salehi speculated about an impending altseason if Bitcoin fails to reach a new all-time high (ATH) and remains range-bound. He believes such stagnation in Bitcoin’s dominance could result in an inflow of capital into altcoins, driving new ATHs in XRP and others.
Furthermore, Salehi has outlined scenarios where Bitcoin could achieve massive price milestones. He suggested that if President-elect Donald Trump implements tax-free policies for cryptocurrencies, Bitcoin could soar past $100,000 and potentially reach $200,000 by the end of 2025. Such policies, he emphasized, would also benefit altcoins like XRP, HBAR, and ADA. This potential rally, he believes, could be triggered by Bitcoin breaching $150,000, potentially setting off ATHs for most of the top 30 altcoins.
Salehi continues to assert that XRP and HBAR will play crucial roles in shaping the future of cryptocurrency in the United States. He referred to the proposed “American Crypto Act,” which could introduce tax-free policies for crypto assets, further bolstering the potential of these altcoins. As the cryptocurrency market continues to evolve, it’s clear that voices like Salehi’s will be crucial in navigating the increasingly complex landscape.
