Ripple’s native cryptocurrency, XRP, has cultivated a significant community, but it also faces considerable criticism regarding its foundational mechanisms. As its popularity has soared over the years, reactions become fierce whenever notable figures in the cryptocurrency sector express negativity towards XRP.

A Bank in Disguise?

Renowned crypto analyst Davinci Jeremie, known for his early Bitcoin advocacy, posted a message on X, criticizing XRP for attributes that could make it appear as a “bank in disguise.” He pointed out potential issues like hidden leverage, illusory decentralization, withdrawable locks, insider advantages, and users tied to wrapped IOUs. In contrast, he claimed Bitcoin avoids these pitfalls.

“Your favorite cryptocurrency is merely a bank dressed in a hoodie.”
cough $XRP
Hidden leverage ✓
Fake decentralization ✓
Pausable exits ✓
Insider advantages ✓
Users entrapped in wrapped IOUs ✓
#Bitcoin lacks all of these features.

Jeremie’s remarks triggered a wave of backlash, with comments ranging from vehement support for XRP as the ideal cryptocurrency, to doubts about its authenticity, as some called it a poor imitation of Bitcoin.

Time for XRP to Shine?

Conversely, XRP Bags, a vocal advocate within the XRP community, provided insights on the experience of holding XRP. They observed that each year has begun with high expectations but often fallen short—until now, with 2023 marking a pivotal moment in the SEC lawsuit. Looking ahead, members express optimism not just for 2025 but also for an upcoming 2026.

the XRP holder experience:
2017 — “this will redefine banking!”
2018 — “just wait!”
2019 — “keep accumulating!”
2020 — “SEC Who?”
2021 — “SEC lawsuit, this is actually positive.”
2022 — “just wait!”
2023 — “WE WON (partly)!”
2024 — “Continue gathering!”
2025 — “I told you so.”
2026…
— XRP Bags💰👨🏽‍🚀 BagMan @XRPBags March 13, 2026

For more insights and updates, check our detailed articles on XRP.