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Altcoin News

Bitstamp Urges XRP Holders to Stay Strong Amid Market Drops 

Written By:
Iyiola Adrian

Reviewed By:
Jahnu Jagtap

Last updated: February 6, 2025 10:47 PM
Published February 6, 2025 10:19 PM
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Last updated: February 6, 2025 10:47 PM
Published February 6, 2025 10:19 PM
Bitstamp Urges XRP Holders to Stay Strong Amid Market Drops 

Bitstamp crypto exchanges recently made a creative and funny campaign to encourage XRP holders to hold on to their tokens.

In a post on X, Bitstamp shared a version of the popular UNO game meme. The meme read, “Sell your XRP or draw 25,” with an image of a person holding a large stack of cards. This was a very hilarious post saying that XRP holders should refrain from selling their tokens even despite the harsh market conditions.

Bitstamp’s Uno meme post
Bitstamp’s Uno meme post | Source: X

At the same time, this tweet was made while XRP’s price decreased significantly. The cryptocurrency presents a 26% loss of its value for the week.

Right now, XRP is trading at $2.30, an 8.3% drop over the last 24 hours with a 13% decrease in total trading volume to 7.9 billion and an 8% drop in Market cap.

XRPUSD Price Chart
XRPUSD Price Chart | Source: CoinMarketCap

This sudden drop sometimes can lead to panic in the market and push traders and investors to withdraw from their position, but Bitstamp, in its message, is urging them not to sell.

This humor is just to remind investors to remain dedicated to their holding, as some analysts predict that the token will climb again after the dip. 

It is not the first and last time for Bitstamp to back the XRP. For example, in December, the exchange put up a message that said XRP would create history in 2025. The post gained 1.8 million views in no time, and people started to discuss XRP’s potential and the possibility of an XRP ETF this year.

Several previous campaigns also showed their support for the token, like one that celebrated XRP’s growth by posting a video of a rocket with the XRP logo in a tweet on November 14.

Bitstamp celebrating XRP rise last year
Bitstamp celebrating XRP rise last year | Source: X

But in addition to Bitstamp, Gemini exchange is another exchange that showed its support for XRP. Gemini added XRP to its platform in August 2023, after the court ruled that the case between Ripple and the SEC was resolved, which clarified that XRP was not a security. 

Even the exchange introduced a daily faucet that granted users the opportunity to claim XRP, and it has appreciated in its price since then.

Also Read: Ripple vs. SEC: What’s Happening Now in the Legal Battle?

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Iyiola - Crypto Journalist at The Crypto Times
By Iyiola Adrian
Follow:
Iyiola is an experienced crypto writer specializing in simplifying complex blockchain and cryptocurrency topics for a broad audience. With expertise in ICOs, DeFi, NFTs, and regulatory updates, he offers valuable insights to help readers make informed decisions.
Jahnu Jagtap - Crypto Research Analyst at The Crypto Times
By Jahnu Jagtap
Follow:

Jahnu Jagtap is a Research Analyst with over 5 years of experience in crypto, finance, fintech, blockchain, Web3, and AI. He holds a BSc in Mathematics and is certified in Blockchain and Its Applications (SWAYAM MHRD), Cryptocurrency (Upskillist), and NISM Certifications. Jahnu specializes in technical, on-chain, and fundamental analysis, while also closely tracking global macro trends, regulations, lawsuits, and U.S. equities. With a strong analytical background and editorial insight, he drives content that delivers clarity and depth in the fast-evolving world of digital finance.

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