$XRP sentiment took a hit after prominent crypto commentator and long-time XRP supporter Crypto Bitlord (@crypto_bitlord7) issued a sharply bearish warning.
In a recent post on X, he stated:
“I’m sorry if you own XRP, but due to recent news, nobody should be bullish.”
He cautioned that XRP could fall below $1 in what he described as a “violent sell-off.”
What Triggered the Shift?
Crypto Bitlord’s comments followed renewed discussion around statements from former Ripple CTO David Schwartz, who revealed that he began selling XRP around $0.10, explaining he did not expect the price to reach $0.25 at the time.
While Schwartz later clarified that his decisions were probability-based rather than a lack of belief, the resurfaced comments reignited concerns around early insider confidence and token distribution.
Criticism of Founders and Token Sales
Building on earlier remarks, Crypto Bitlord criticized XRP’s leadership for selling large portions of their holdings while promoting $XRP as “the future of payments.” He argued that billions of tokens were distributed over the years while price appreciation failed to meet long-term expectations.
In a previous post, he shared a chart showing XRP trading near $1.76, outlining a highly bearish scenario with a downside projection as low as $0.043 — a level many market participants view as extreme, but reflective of growing caution among certain traders.
Calls for Community Control
Crypto Bitlord also floated the idea of a community-driven shift in XRP’s future direction. With Schwartz no longer serving as CTO, he suggested token holders should have greater influence over governance and strategic decisions traditionally managed by Ripple executives.
Proponents of this idea argue that stronger community oversight could help rebuild trust and align long-term incentives more closely with XRP users rather than corporate leadership.
Market Implications
The renewed focus on insider sales and leadership decisions has added pressure to XRP’s narrative. While opinions remain divided, Crypto Bitlord’s comments highlight a broader debate around trust, transparency, and long-term value creation within the $XRP ecosystem.
Whether these concerns translate into sustained selling pressure will depend on how the market digests both the historical context and Ripple’s future direction.
