XRP’s Sluggish Performance Raises Concerns
A pro-XRP lawyer, Bill Morgan, has expressed his concerns about the cryptocurrency’s recent underperformance in the market. He believes that XRP’s sluggish performance over the last 90 days is “unnatural” and raises speculation about its future trajectory.
Debating XRP’s Poor Performance
Morgan’s commentary on XRP’s performance has sparked curiosity within the cryptocurrency community. He highlighted a chart that showed XRP as second to last, with a 17.8% decline in the past 90 days. While Morgan found some relief that XRP wasn’t last, he still questioned why its performance has been poor.
Despite the gloomy outlook, there is growing optimism among crypto enthusiasts that XRP may experience a breakout after years of stagnation. Confidence in its prospects is increasing alongside a recent uptick in price and renewed investor interest.
Whale Activity and Analysts’ Bullish Predictions
Recent whale activity in the crypto market has caught the attention of observers. An anonymous whale acquired 200 million XRP worth around $106 million from Binance, indicating renewed confidence among large-scale investors.
Adding to the positive sentiment, top crypto market analyst Dark Defender predicts a surge in XRP’s price trajectory. Breaking through key resistance levels, Dark Defender anticipates XRP to reach $0.60 in the near term and set a long-term target of $1.88 and beyond.
Current State of XRP
As of now, the XRP price has increased by 2.46% over the last 24 hours to $0.5291. Its trading volume has also risen by 35.46% to $1.01 billion during the same period. The relative strength index (RSI) suggests a neutral condition for XRP, while its open interest (OI) has surged by 7.05% to $642.91 million, indicating a bullish sentiment in the market.
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