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  • ๏ปฟAnjali Belgaumkar
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    Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto โ€œEnthusiastโ€ but trust me I'm getting there.

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XRP Is Made in America, Here’s Why That Matters

Story Highlights
  • XRP endures SEC battles and criticism, gaining strength over a decade with loyal support and real-world use cases.

  • XRP ETF rumors and U.S. origin give the token renewed relevance, says early investor Dan Tapiero in a CoinDesk interview.

XRP has been in the crypto world for over a decade, and despite many challenges, itโ€™s still standing. Recently, Dan Tapieroโ€”founder of 10T Holdings and a long-time investorโ€”shared his thoughts on XRP, praising its ability to survive in a tough and fast-changing industry.

In an interview with CoinDesk, he said that, โ€œOne very impressive thing about XRP is just how long it’s lasted, how many times it’s come under attack. Itโ€™s the Lindy effectโ€”the longer it exists, the stronger it becomes.โ€

A History of Scrutiny and Survival

XRPโ€™s journey has been anything but smooth. Its parent company, Ripple Labs, has faced fierce criticism and legal challenges, including a high-profile lawsuit from the U.S. Securities and Exchange Commission (SEC) that resulted in XRP being delisted from several major U.S. exchanges. For a time, it looked like XRP might fade into obscurity.

But the token didnโ€™t disappear. It bounced back.

Despite detractors, particularly among Bitcoin maximalists and Ethereum loyalists, XRP has retained a passionate community and continued use cases.ย 

ETFs and the American Edge

Recent chatter around ProShares launching XRP ETFs has sparked fresh interest, though it’s met with mixed reactions in the crypto community. Tapiero points out that while Bitcoin and Ethereum dominate headlines, XRP is carving out a unique identityโ€”and doing so from U.S. soil. “Itโ€™s made in America. And with this administration, that matters,” he said.

A Personal Connection

Tapieroโ€™s connection to XRP runs deep. His first crypto trades were in Bitcoin and XRP, executed via a platform then called BitReserveโ€”now known as Uphold. His gold firm, Gold Bullion International (GBI), was the first to let users trade gold for XRP and Bitcoin.

Back then, XRP traded at a tenth of a cent. Today, it fluctuates around $2.00 depending on market cycles. Looking back, Tapiero admits he didnโ€™t fully understand XRP at the time and didn’t hold onto it long-term. But his takeaway is one many in the space can relate to:

“Just because you didnโ€™t buy it at a tenth of a cent doesnโ€™t mean you couldnโ€™t buy it at one cent, or ten cents. If you believe in something, never give up on it.”

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