Bloomberg Senior Analyst Faces Backlash from XRP Community Over XRP Joke

Story Highlights

• James Seyffart’s joke about XRP angered its loyal community at a Bitcoin conference.

• Seyffart responds, clarifies support for Ripple, calls for a relaxed perspective.

• XRP’s price surges 66% in two weeks, with potential to reach $0.70.

At a recent Bitcoin conference, Bloomberg’s senior crypto analyst, James Seyffart, found himself in the middle of a controversy after making a joke about XRP. The comment didn’t go unnoticed by the “XRP army,” a community of XRP supporters, who quickly took to social media to express their displeasure.

Seyffart Joke On XRP

The incident came to light after a tweet from an X user known as Subjective Views highlighted Seyffart’s remarks during an interview with BlackRock’s Head of Digital Assets.

While interviewing BlackRock’s Head of Digital Assets, @JSeyff couldn’t resist taking a shot at $XRP #Ripple #XRPCommunity #XRPL pic.twitter.com/WyMMNHB1vK

— Subjective Views (@subjectiveviews) July 26, 2024

The tweet noted, “While interviewing BlackRock’s Head of Digital Assets, Bloomberg senior Crypto analyst James Seyffart couldn’t resist taking a shot at $XRP.” This led to a wave of criticism from XRP supporters, who quickly expressed their frustration on social media.

Seyffart later acknowledged the backlash in a tweet, stating, “Oh no! The XRP army is canceling me for a joke at a Bitcoin conference.” Despite the negative response, His initial reaction suggested a level of relaxation rather than concern about the backlash.

Seyffart Responds to Criticism

To clarify his stance, Seyffart followed up with another tweet. He explained “For all the XRP guys in my mentions. I don’t hate XRP. It was a joke geared toward my audience and a joke that landed well. Hell — I’m absolutely rooting for Ripple in court against the SEC. I personally think the SEC has vastly over-reached in many areas including with Ripple/XRP.

For all the XRP guys in my mentions. I don’t hate XRP. It was a joke geared toward my audience and a joke that landed well. Hell — I’m absolutely rooting for Ripple in court against SEC. I personally think the SEC has vastly over-reached in many areas including with Ripple/XRP.…

— James Seyffart (@JSeyff) July 26, 2024

Seyffart continued, “But if you’re this up in arms about some random dude making a light-hearted joke about the project, you’re NGMI. You should re-evaluate some things. Go touch some grass.”

This response aimed to reassure the community of his support for Ripple while also encouraging a more relaxed perspective on his joke.

XRP Price Analysis

Apart from the ongoing community clashes, crypto influencer Wise Advice has highlighted a significant boost in XRP’s value. Over the past two weeks, XRP’s price has surged by 66%, with a 27% increase in the past month.

As of now XRP is trading at $0.60 and is moving upward within an ascending channel. The Relative Strength Index (RSI) is at 59.02, which is comfortably above the neutral line of 50, indicating positive momentum.

If XRP can successfully break through the $0.63 resistance range, it is expected to rise to $0.67 and potentially further to $0.70.

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