Advertise
Elena R
Elena R
Author
Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
- Dec 19, 2023 12:00 UTC
-
Top Analysts Debate Over XRP Price’s Recent Performance: Can it Recover Soon?
Bill Morgan believes XRP's recent performance suggests challenges ahead.
Morgan points to XRP's lack of strong recovery after a drop and its underperformance compared to Bitcoin and Ethereum.
Moon Lambo counters Morgan's view, highlighting XRP's past success and overall market presence.
Bill Morgan, a respected crypto analyst, recently shared thoughts on XRP’s performance that sparked discussion on the X platform. He believes there’s more to XRP than just following the crypto market’s trends.
Morgan noticed that while many cryptocurrencies were moving up and down, XRP remained fairly steady. However, this calm didn’t last. XRP’s value dropped suddenly and didn’t recover as strongly as other top cryptocurrencies, with the exception of stablecoins.
Morgan suggests this could signal challenges ahead for XRP, especially when compared to Bitcoin.
Dive in deeper into his insights below.
Looking at the Short-Term Trends
Morgan stresses the importance of understanding short-term market changes. He believes it’s essential for those who trade daily or use borrowed money. Morgan also points out that not everyone who supports XRP plans to hold onto it for a long time.
He’s also curious about XRP’s performance since 2018, thinking it’s more than just legal issues causing its ups and downs.
Plus, he pointed out that XRP keeps going down when compared to Bitcoin and Ethereum.
Moon Lambo’s 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.
Additionally, Lambo spotlighted XRP’s unwavering presence in the coveted top 10 crypto rankings and its commendable overall market performance.
This Might Interest You: Can XRP and Altcoins Break Free from Bitcoin’s Shadow? Experts Discuss
The discussions around XRP’s recent performance, sparked by Morgan and countered by Lambo, show the varied opinions within the crypto community. As we delve deeper into XRP’s journey, the crypto world continues to offer insights and debates. And you can remain on top of it all by returning right here to Coinpedia. Stay tuned!
Yes 
No 
