$XRP Crypto Bitlord (@crypto_bitlord7), a prominent cryptocurrency commentator and well-known XRP supporter, recently expressed skepticism about the asset.

In a post on X, he stated, “I’m sorry if you own XRP, but due to recent news, nobody should be bullish.” He warned that the asset could drop below $1 soon in what he described as a “violent sell off.”

This statement follows recent remarks by former Ripple CTO David Schwartz. Schwartz revealed that he began selling XRP at $0.10, explaining he did not expect the price to reach $0.25. This revelation has raised questions about confidence in the token’s long-term trajectory.

👉Investor Sentiment and XRP Performance

In the tweet, Crypto Bitlord builds on his earlier commentary, in which he criticized XRP founders for selling large amounts of the token as early as $0.10. He argued that the founders promoted XRP as “the future of payments” while distributing billions of tokens over the years. He described the project’s trajectory as failing to meet expectations and stated, “It’s nothing but a meme now.”

His earlier post included a chart showing XRP trading near $1.76 with a potential drop target of $0.043. While Crypto Bitlord’s analysis reflects his perspective, it indicates significant market caution.

👉Time for a Change

Crypto Bitlord highlighted the idea of a community takeover at Ripple. Schwartz has stepped down from his role as CTO, and Crypto Bitlord suggests the XRP community should assume greater control over the project’s direction. This could involve token holders influencing decisions traditionally handled by executives.

Ripple has been accused of sell-offs for years, and Schwartz’s post has strengthened that narrative. Ripple may need to increasingly rely on its community for guidance, oversight, and strategic input to rebuild trust.

Such a shift could strengthen engagement among holders and reshape governance. By giving the community a more active role, Ripple may create a structure where decision-making reflects the interests of XRP users rather than just internal management.

👉Market Reaction and Implications

Crypto Bitlord’s posts illustrate the ongoing debate around XRP’s performance and leadership decisions. By referencing Schwartz’s early sales, he questions the conviction among Ripple’s initial team. This information is likely influencing how some traders approach XRP.

Investors are already responding to these developments. If more community members rally behind Crypto Bitlord, XRP might experience a notable sell-off soon.

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