Fox Host Criticizes XRP Advocates – Significant Online Response Follows

Fox Information enterprise reporter Charles Gasparino has become the center of a contentious dispute with the supporters of the popular cryptocurrency project Ripple (XRP) after asserting that there is no “XRP army,” a term often used by its enthusiasts.

Just days after he criticized Judge Analisa Torres’ ruling earlier this month, which concluded a high-profile legal battle between the company and the U.S. Securities and Exchange Commission (SEC), Gasparino is now targeting the project’s founders and their intentions.

There is no “XRP Army.” However, there are a group of individuals who purchased the coin that made insiders wealthy, and they have been waiting for their payday ever since. See creepy Jimmy—it ain’t fun stalking me. Sad Ha! https://t.co/B7mz83F4ax

— Charles Gasparino (@CGasparino) December 29, 2024

In response to a comment from James Rule, a prominent supporter and investor in Ripple (XRP), he pointed out that this so-called “army” is merely a collection of individuals who have enriched the growing community.

He is referring to Ripple’s Brad Garlinghouse, David Schwartz, and Stuart Alderoty, who are the most notable public figures and leaders of the blockchain firm, with their net worth estimated to be in the billions of dollars.

The news anchor’s conflict with the XRP community began a few days ago when he labeled the Judge’s ruling on the XRP v. SEC case as “idiotic.” During an interview with Anthony Pompliano, he asserted that the judge’s differentiation between retail and institutional investors and her position on reduced disclosures set a dangerous precedent.

Gasparino’s remarks quickly attracted significant backlash from XRP supporters, some of whom referred to him as a “manipulated parrot,” while others urged him to “stay in his lane,” citing his lack of understanding of the crypto space.

Shortly after the ruling, XRP’s price surged as investors viewed it as a major win for the blockchain firm.

With additional support from the post-election momentum, the token has gained 234% since the beginning of the year, making it the fourth most valuable cryptocurrency with a market capitalization of $117.87 billion as of today.

XRP Continues to Decline and Approaches Critical Support Level

The price of XRP has been consistently declining recently as early investors may have opted to take some profits they accrued in November.

After hitting an all-time high of $2.90 on December 3, the token has decreased by 30% and is currently nearing a crucial support level at $1.95. This level has acted as a rebound point on two previous occasions, underscoring its importance to market participants.

The Relative Strength Index (RSI) is on a clear downward trajectory, indicating that momentum favors sellers, while trading volumes have diminished recently and are currently well below the levels observed in mid-to-late November.

Looking ahead, traders will closely monitor what occurs once the price reaches the $1.95 threshold, as a drop below this level could result in further weakness for XRP in the near term.

Conversely, a strong rebound above this area could propel the token to the $3 mark quickly and potentially higher if there is sufficient interest to push the price above the $3.5 level.

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The post Fox Host Calls Out XRP Supporters – Major Backlash Erupts Online appeared first on Cryptonews.