The price action of XRP has long been a topic of debate in the crypto community, with analysts and investors discussing the reasons for its weak performance despite ongoing bullish developments. Given the persistent downward trend in cryptocurrency, some market participants have labeled XRP is a scam, suggesting that it lacks real potential and that its the price is deliberately suppressed. However, a crypto expert has responded to these claims, debunking the scam label while shedding light on XRP’s long-term potential as a billion-dollar asset.
Why crypto users call XRP a scam
Vincent Van Code, crypto analyst on describe several reasons that contradict the idea that XRP, the native token of the XRP Ledger (XRPL)this could be a scam. In his post, he asked why people think “XRP is a scam or not used.” The analyst’s question relates to the broader criticism that the price of XRP has remained low for years despite its active use in cross-border payments, strong community, partnerships with key financial institutions, and expansion across different regions.
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Before XRP’s rally above $3.5 in 2025, the cryptocurrency was in a constant downward trend for years. XRP price consolidated around the $0.5 level for over four years before surpassing this level in 2024 and surpassing $2.
With SEC lawsuit officially over and new developments emerging for Ripple and the XRP Ledger, many believed it would only be a matter of time before the price began to rally towards an explosive high again. However, XRP has done the opposite. After crashing above $3.5 last year, the cryptocurrency has been trading at lower levels around $1.3 for months. This weak price action has caused many in the crypto community to doubt the potential of XRP, with some calling it a scam token.
Analyst Debunks Fraudulent XRP Tags
In his X article, Van Code noted that XRP cannot be a scam if Ripple, a $50 billion companyis actively using cryptocurrency and working to make it a multi-billion dollar asset. He said there are plans to use XRP to manage more than $1.5 trillion in cross-border payments each year, highlighting its potential role as a bridging currency in global transactions.
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Rather than focusing on short-term price action and current performance, the analyst emphasizes XRP’s primary utility as a payment solution and how it could stimulate long-term potential. Van Code suggested that as XRP continues to be used for payments and becomes widely adopted, its price would begin to appreciate in due course.
Until then, he urges investors and holders to remain patient as XRP develops its real-world usage and expands its network. Van Code also referred to a recent statement made by Brad Garlinghouse, CEO of Ripplewho highlighted the importance of XRP, saying “all roads lead to Ripple’s North Star, XRP.”
Featured image of Adobe Stock, chart from Tradingview.com
