XRP’s price action has long been a topic of debate in the cryptocurrency community, with analysts and investors discussing the reasons behind XRP’s penniless performance despite its continued bullish development. Given the cryptocurrency’s continued downtrend, some market participants do marked XRP is a scam suggesting that it lacks its true potential and its the price is deliberately low. However, a cryptocurrency expert responded to these claims, debunking the scam label while shedding lithe on XRP’s long-term potential as a trillion-dollar asset.

Why cryptocurrency users call XRP a scam

Vincent Van Code, cryptocurrency analyst at X, has scratched several reasons that contradict the idea that XRP, a native token XRP Ledger (XRPL)it may be a scam. In his post, he asked why people believe that “XRP is a scam or is not being used.” The analyst’s question comes amid broader criticism that the price of XRP has remained low for years despite its lively operate in cross-border payments, robust community, partnerships with key financial institutions and expansion into various regions.

Before XRP rose above $3.50 in 2025, the cryptocurrency was in a constant downward trend for years. The price of XRP consolidated around the $0.50 level for over four years before breaking above that level and surpassing $2 in 2024.

WITH the SEC lawsuit is officially over and many fresh solutions emerging for Ripple and XRP Ledger he believed it’s only a matter of time before the price starts rising again and reaches an explosive high. However, XRP did the opposite. After last year’s drop from over $3.50, the cryptocurrency has been trading at lower levels around $1.3 for months. This penniless price action has led many in the crypto community to doubt XRP’s potential, and some of them marking it as a fraud token.

Analyst debunks XRP scam labels

In his post, X 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-trillion dollar asset. He said plans are underway to operate XRP to process cross-border payments worth more than $1.5 trillion annually, highlighting its potential role as bridge currency in global transactions.

Instead of focusing on short-term price action and current performance, the analyst highlights XRP’s fundamental utility as a payment solution and how it can support drive long-term potential. Van Code suggested that as XRP continues to be used for payments and becomes widespread, its price will begin to enhance in due course.

Until then, he urges investors and holders to remain patient as XRP makes real-world operate and expands its network. Van Code also commented on a recent statement made by Ripple CEO Brad Garlinghousewho highlighted the importance of XRP, stating that “all roads lead back to North Star Ripple, XRP.”

Featured image from Adobe Stock, chart from Tradingview.com