What’s the next crypto to explode? Is XRP a cult? Is every large-cap alt is a cult? Is XRP going to rug hard one day? We will dive into all of that and more today.
XRP broke down earlier in the session and is now chopping sideways, consolidating around the $2.95 level. The short-term setup is neutral, but the chart is tightening into a symmetrical triangle that usually resolves with a sharp breakout.
But none of that changes the fact that XRP is facing an identity crisis beyond the chart in the eyes of many traders. Is XRP a dead chain walking or still on the precipice of a major breakout?
The Next Crypto to Explode or Rug? Ripple, Centralization, and the “Cult” Debate
Only 20 wallets still own over 50% of the supply, according to XRPScan, and critics argue that its control over validator lists makes it function more like a permissioned blockchain.
“If a crypto needs a CEO and more than 1,000 employees, was 100% pre-mined… hard pass from me,” one user on Reddit wrote.
Famous Bitcoin investor Davinci Jeremie was even blunter in a recent interview about XRP’s potential. While he thinks XRP is virtually useless, Jeremie believes it’ll continue to pump based on marketing and consumer hype: “I hate XRP and think it’s a bad idea… But based on technical analysis, it’s heading past $3 … I believe it could reach $20 or …”
Despite the mockery, XRP’s community remains fiercely loyal, often more invested in the token than Ripple.
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Can XRP Deliver Real Value?
XRP’s speed and low fees remain the core of its pitch. In addition to that, Bank pilots and cross-border settlement trials keep it visible. But stablecoins like Circle (the company behind USDC), which recently went public, are increasingly eating into that market share.
The idea is that Boomers will be pumping Circle stock rather than shoving money into an XRP ETF.
DeFiLlama data backs the skepticism. XRP’s DeFi footprint hasn’t cracked $1 billion, far behind Ethereum, Solana, or BNB Chain. Solana’s TVL alone is up +30% year-on-year, widening the gap.
So, in summary, the XRP price might be safe for now due to marketing and hype, but it’s losing retail investors to other stocks and chains. The jury is out on whether XRP price can continue on hype alone.
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Snorter Launches Snout First – Will It Be September’s Best New Memecoin?
While altcoins like XRP, YZY, and WLFI have been a wet fart in September, memecoins haven’t. Snorter (SNORT) leads the pack, a new token fresh off a $3.8M presale run.
Snorter is a Solana-based meme trading bot that is making a case for best September memecoin. Plus, it has utility as well! Priced at $0.1039, the token has raised $3.83M of its $4.2M target, with less than one day before the next increase.
Will the XRP army scream because we’re now plugging a memecoin? Probably. But we’re doing it anyway! How else can I keep the lights on?
Snorter is a no-frills Telegram sniper bot that lets degens automate trades, copy top wallets, and strike before institutional investors.
Thanks to MEV-resistant relayers, it flagged 85% of malicious tokens during testing. This is shaping up to be one of the more fun meme tokens on the rise.
Visit SNORT HereEXPLORE: US Jobs Data, BTC USD and Bond Market Rally Put Fed Rate Cuts in Focus
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Key Takeaways
- What’s the next crypto to explode, and is XRP a cult? Is every large-cap alt is a cult? Let’s dive into all of that and more.
- Under the hood, Snorter runs a custom scanner built to sniff out sketchy contracts before they drain your wallet. It’s part meme, part utility, and fully secured.
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