- XRP’s price continues to underperform despite positive analyst predictions.
- Pro-XRP lawyer Bill Morgan remains optimistic, citing increased adoption and regulatory clarity.
- Investor sentiment remains cautious due to regulatory uncertainty and Ripple’s XRP sales.
XRP, the cryptocurrency associated with Ripple Labs, continues to trade below its September 2018 high of $0.56 despite numerous analyst predictions of a breakout. Pro-XRP lawyer Bill Morgan offers a unique perspective on the token’s potential trajectory.
Imagine that on this date on 24 September 2018 XRP’s price was over $0.56 and it is less that that price today. The charts the analysts keep presenting, they say, point to a break to the upside for XRP. It keeps not happening.For me however, I do not need charts to predict an… pic.twitter.com/LjnzsWoUpl
— bill morgan (@Belisarius2020) June 7, 2024
However, Morgan emphasizes that he doesn’t rely on charts to predict an XRP price rise. Instead, he applies the legal standard of the “balance of probabilities.” He believes that, based on recent developments, the price of XRP is more likely to go up than down.
These developments that Morgan attri…
The post Can XRP Overcome Regulatory Hurdles and Soar? Crypto Lawyer Says Yes appeared first on Coin Edition.