#XRP #Ripple #Crypto #Cryptocurrency #Blockchain #DigitalAssets #SEC #Investing
XRP, a cryptocurrency that has been struggling with its price action for the last three years, is currently facing a dire situation with its performance not turning positive for its holders. In the past three months, XRP’s price action has been exceptionally brutal, lagging significantly behind other large cryptocurrencies. Despite this disappointing trend, a number of analysts have continued to predict a potential rally for XRP in the foreseeable future. Among them is attorney Bill Morgan, a known proponent of XRP, who has recently described the asset’s underperformance as “unnatural” on social media, aligning with the broader perspective among investors.
Morgan’s remarks came in response to a comparison of crypto gains shared by another investor, highlighting XRP’s 17.8% decline over the past 90 days—a stark contrast to the 30% gains experienced by top cryptocurrencies like Bitcoin, Chainlink, BNB, and Ethereum amidst wider market rallies. This underperformance has spurred discussions among the XRP community, raising questions about the factors contributing to its disappointing market behavior. The “unnatural” price action has been primarily attributed to the ongoing legal battle between the SEC and Ripple, XRP’s payment company. Although Ripple has made significant progress against the SEC, XRP has struggled to attract support from institutional and large investors. Nonetheless, the XRP community remains hopeful, with many long-term holders and analysts predicting that the digital asset will embark on a significant rally in the coming months, potentially breaking out from a triangular price pattern highlighted by notable crypto analysts.
