World Economic Forum Member Admits XRP is a ‘Good Coin’

Shayan Salehi, a digital member of the World Economic Forum (WEF), recently admitted that $XRP is a “good coin” amid the market collapse.

The cryptocurrency market is currently experiencing a correction, featuring price pullbacks across major assets. Notably, Bitcoin ($BTC), the leading crypto asset has plummeted below $93,000, leading to a drop in the global crypto market cap to $3.19 trillion.

WEF Member Praises $XRP’s Resilience

As the turbulence persists, Shayan Salehi, a digital member of the World Economic Forum (WEF) and an advocate for blockchain technologies, has praised $XRP for its resilience.

Salehi’s remarks come when $XRP stands out for its strong performance despite the broader market correction. While Bitcoin managed a marginal weekly gain of 0.11%, Ethereum rose by 9.23%. In addition, Solana is down 2.66% within the same timeframe.

Amid the poor performance exhibited by these top assets, $XRP has maintained an impressive 25.64% despite the ongoing correction. This resilience is noteworthy, particularly as $XRP continues to hold above the $1.36 support level.

Notably, $XRP has also remained above the $1 mark since reclaiming it on Nov. 16. Analysts believe $XRP is leveraging its current support zone as a foundation for recovery. Its next target is the $1.96 resistance level, which represents its peak during the 2021 bull run.

Salehi expressed his thoughts in a recent post on X. He revealed that the existence of $XRP and $HBAR helped him to properly navigate the current market challenges.

Matrix attack over ♥️💀 that was scary.

Only because $XRP and $HBAR exist I kept my sanity.

I don’t own any $XRP but I think it is a good coin.

— Shawn (@oroogle) November 25, 2024

However, the blockchain advocate confirmed that he does not particularly own $XRP in his portfolio. Despite this, Salehi referred to $XRP as a “good coin.” His endorsement is in sync with his ongoing advocacy for $XRP and Hedera, two assets he frequently promotes.

Salehi’s Constant $XRP Endorsements

Interestingly, nearly a week ago, the market pundit predicted an impending altseason if Bitcoin fails to reach a new $ATH and remains range-bound. He speculated that such stagnation in Bitcoin’s dominance could result in an inflow of capital into altcoins, driving new ATHs $XRP and others.

If Bitcoin fails to make another $ATH and keeps ranging here, altseason is inevitable.

Expecting new $ATH on $HBAR $XRP and other alt coins if that happens.

Clear signal $BTC.D is topping and money will flush into alts 🌊

— Shawn (@oroogle) November 20, 2024

Meanwhile, on Nov. 21, he outlined scenarios where Bitcoin could achieve massive price milestones. He suggested that if President-elect Donald Trump implements tax-free policies for cryptocurrencies, Bitcoin could soar past $100,000 and potentially $200,000 by the end of 2025.

Salehi emphasized that such policies would benefit altcoins like $XRP, $HBAR, and ADA. He linked this potential rally to Bitcoin breaching $150,000, which he believes could trigger ATHs for most top 30 altcoins.

Interestingly, Bitcoin nearly crossed the $100,000 threshold on Nov. 22, reaching $99,800 before facing a pullback.

Five days ago, Salehi asserted that $XRP and $HBAR would play important roles in shaping the future of cryptocurrency in the United States. He referred to the “American Crypto Act,” which he believes could introduce tax-free policies for crypto asset