XRP Army Sees Hope in Ripple CEO's Warning on Crypto Market

Crypto influencer John Squire has reaffirmed his confidence in XRP after revisiting an earlier warning from Ripple CEO Brad Garlinghouse about the cryptocurrency market's long-term prospects.

In a post on X, Squire recalled Garlinghouse's view that the majority of cryptocurrencies would eventually fail because many tokens lack a clear reason to exist.

Garlinghouse had previously stated that '99% of all crypto probably goes to zero', but emphasized that this doesn't mean the entire cryptocurrency market will collapse.

Instead, he suggested that only projects with real-world utility and the ability to solve genuine problems for customers will survive and thrive in the long term.