- According to Bill Morgan, XRP’s long term price behavior would provide better results when analyzing its price behavior.
- Matt of Moon Lambo denied that XRP dropped more than other cryptos during yesterday’s volatility.
- XRP dropped from around $0.60886 to $0.57797 yesterday in the space of six hours.
Bill Morgan, a lawyer and self-proclaimed digital assets enthusiast, believes investors and traders interested in XRP’s price action should focus on the long term. Morgan made the statement while addressing yesterday’s market volatility and the crypto community’s impression of it. He detailed XRP’s performance over the last month, noting that when analyzing the price, convictions need to be deeper than a day, week, or month of price action.
This is correct but placed in the context of XRP’s price action over the last month it is not great. XRP is down over 2% over the last month. Many but not all top 50 coins are up over the last month. In that context the fall was harder comparatively than could have been expected… https://t.co/VrlD2k0mWu— bill morgan (@Belisarius2020) December 19, 2023
Morgan made the statement while responding to a post on …
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