A crypto analyst has publicly criticized XRP holders for passively waiting for a price surge rather than actively using the cryptocurrency's underlying network. The analyst, known as MrCauliman, expressed frustration in a May 14 post, arguing that many investors are consumed by price predictions and influencer opinions.
MrCauliman contends that this passive mindset prevents holders from earning a steady income through the XRP ecosystem. He noted that while investors frequently ask how to use their XRP, they fail to study the network or the builders working on it.
The critique comes amid a reported spike in network usage, though specific figures were not provided. The analyst emphasized that the market is now more focused on price action and chart trends than on blockchain utility, which he sees as a missed opportunity.
If holders shift their focus, they could potentially generate income by engaging with decentralized applications and other features of the XRP Ledger. However, this requires a deeper understanding of the technology and its real-world applications.
The counter argument suggests that many holders view XRP primarily as a speculative investment, and that price appreciation remains the main driver for retail participation in the market.