XRP Price Analysis Sparks Debate Amongst Crypto Enthusiasts

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Recently, crypto expert Bill Morgan stirred the pot with a tweet challenging the idea that XRP just follows the crowd in the crypto market. Morgan thinks there’s more to XRP’s story, especially when you look at how it’s been doing compared to other big players.

Thanks Matt. Your thinking is sound. I used a one month context to explain that the ‘ XRP follows the market’ explanation does not explain all that much and is limited. (Not saying that is your position). I think in the context of the last month the fact XRP price has been… https://t.co/EqLLzFgzS5 pic.twitter.com/M9kyrYXr9m

— bill morgan (@Belisarius2020) December 19, 2023

XRP’s Rollercoaster Journey

Over the past month, Morgan noticed that the price of XRP didn’t go up or down much, even when other cryptocurrencies were changing a lot. But then, XRP suddenly dropped a lot, and Morgan says it didn’t bounce back as well as other top coins, except for stablecoins.

He thinks this might mean XRP could face some problems in the short term, especially because it’s been consistently going down compared to Bitcoin.

Now, some folks who like XRP didn’t like what Morgan said. He understands this but thinks it’s crucial to talk about what’s happening in the short term, especially for people who trade every day or invest with borrowed money. He wants to make sure everyone knows that not everyone who likes XRP plans to keep it for a long, long time.

Is it Just the Lawsuit or Something More?

Also, Morgan is questioning why XRP hasn’t been doing so well since 2018. He doesn’t think it’s just because of the legal issues. Even when good things happen in the legal case, XRP doesn’t seem to get much stronger.

Plus, he’s pointing out that XRP keeps going down when compared to Bitcoin and Ethereum.

Moon Lambo Response

In response to Morgan’s tweet, prominent pro-XRP YouTuber Moon Lambo shed light on the debate, stating that any narrative about a coin can be shaped by analyzing price data over specific periods. Lambo defended XRP’s historical success, pointing out its remarkable surge during the 2017 bull market, where it outperformed Bitcoin.

Let me expand upon my thoughts on this topic a bit:

Anyone can paint whatever narrative they want about a coin by analyzing price data over a specific time period. I could bring up how XRP destroyed Bitcoin in the 2017 bull market for example, surging literally 80,000% that…

— Moon Lambo (@MoonLamboio) December 19, 2023

He also noted XRP’s consistent presence in the top 10 cryptocurrencies and its impressive overall performance in the crypto market.

The debate sparked by Morgan’s analysis highlights the diverse perspectives within the crypto community and the ongoing discussion about XRP’s role and performance in the market.

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