XRP’s Triple-Digit Forecast: Top Advocate Casts Doubts On Dream Valuation

2023-11-18 03:00

Bill Morgan, an XRP advocate, has recently expressed skepticism regarding the lofty price targets for XRP circulating on social media. While the digital asset community is often rife with bullish predictions, Morgan’s realistic outlook presents a grounded perspective on the potential of XRP’s value.

The Parabolic Price Move: A Myth Or Reality?

Since the significant ruling in the SEC v. Ripple case on July 23, which brought legal clarity to XRP, the asset has seen an uptick in its trajectory.

The ruling led to multiple exchanges relisting XRP and forming strategic partnerships. Despite these developments, Morgan observed that the price of XRP has only modestly increased from $0.46 to $0.62.

Three great outcomes in the court case since 23 July 2023, legal clarity, multiple exchange relistings, more Ripple partnerships and increasing ODL use and myriad other positive news have moved the price from $0.46 to $0.62 in that time. Better than some coins not as good as… https://t.co/NMwiWqfdWt

— bill morgan (@Belisarius2020) November 17, 2023

Morgan’s analysis delves deeper into the relationship between XRP’s market behavior and Bitcoin (BTC). Contrary to the popular belief that XRP might soon undergo a parabolic price increase, Morgan noted:

We keep being shown charts supporting claims that a parabolic breakout is imminent but price still seems to just go up and down with Bitcoin and generally loses ground on the XRP/BTC pair.

This observation particularly challenges the narrative of a forthcoming surge in XRP’s value, often depicted in the community’s discourse.

The idea of XRP achieving a three-figure value seems even more improbable to Morgan. He questions the likelihood of such a significant increase in XRP’s price in the short, medium, or long term.

While the crypto market is known for its unpredictability and rapid changes, Morgan’s post suggests expecting a meteoric rise in XRP’s price might be overly optimistic. His stance encourages a more measured and realistic approach to understanding XRP’s future market performance.

XRP Latest Price Action

Meanwhile, XRP’s market performance has seen significant fluctuations recently. After an initial surge alongside the broader bullish crypto market trend, the asset has faced a downturn, with a 10% decrease over the past week.

In the last 24 hours alone, XRP’s price has dipped by 4%, currently trading around $0.60, down from its weekly high of $0.69.

This decline is also reflected in its trading volume, which has dropped from $3.5 billion to approximately $1.43 billion, indicating a notable decrease in trading activity.

Featured image from Unsplash, Chart from TradingView

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.5236 (-0.10%)
Объем 24H $1.025b
Изменеия 24h: 1.69 %, 7d: 4.16 %
Cегодня L: $0.5232 - H: $0.5244
Капитализация $28.95b Rank 7
Цена в час новости $ 0.601 (-12.88%)

xrp morgan advocate community often value digital

Источник: newsbtc.com

xrp morgan → Результатов: 93


Фото:

JP Morgan: В случае победы Ripple в суде XRP получит широко распространение

По данным отчета JP Morgan, в случае победы Ripple в суде XRP получит широко распространение. Отчет JP Morgan North America Equity Research, опубликованный ранее в этом месяце, ставит XRP в центр внимания, даже заявляя, что цифровой актив готов к значительному...

2021-11-20 10:21


Фото:

Binance Research: стейблкоин JP Morgan вряд ли сможет конкурировать с XRP

Выпущенный недавно американским финансовым холдингом JPM Coin не станет прямым конкурентом криптовалюты XRP от Ripple, по крайней в ближайшее время. Такой вывод содержится в отчете исследовательского подразделения криптобиржи Binance.

2019-3-4 13:44


Станет ли монета JPM Coin угрозой для биткоина или XRP?

Банк JP Morgan, управляемый Джейми Даймоном, запускает собственную криптовалюту. Это один из крупнейших банков мира с активами в размере $2,6 трлн. , годовым доходом в $100 млрд. , обслуживанием ежедневных платежей в $5 трлн.

2019-2-20 19:37


Аналитики из Weiss Ratings вынесли приговор JPM Coin

В творении Джейми Даймона не видят перспектив, либо сулят ему странную роль. Аналитическая компания Weiss Ratings, которая занимается исследованием как рынка ценных бумаг, так и криптовалют, вынесла окончательный вердикт JPM Coin: изучая запущенный банком JP Morgan цифровой актив, специалисты пришли к выводу, что он не является конкурентом для SWIFT, в отличие от XRP, а также […] Сообщение Аналитики из Weiss Ratings вынесли приговор JPM Coin появились сначала на COINLIFE.COM.

2019-2-19 11:41


Глава Ripple подверг критике криптовалюту банка JP Morgan

Генеральный директор Ripple Брэд Гарлингхаус высказал мнение насчет планируемого выпуска стейблкойна крупного инвестбанка Америки JP Morgan Chase (JPM). Хотя банки и стали менять свое отношение к криптовалютам вплоть до положительного, тем не менее банк JP Morgan вообще упускает суть цифровых активов, считает Брэд Гарлингхаус.

2019-2-18 12:07


Уолл-стрит делает резкие шаги навстречу криптовалютам? Запуск банком JPMorgan JPM Coin озадачил

Уходящая неделя была ознаменована запуском инвестиционным банком JP Morgan собственного стейблкоина JPM Coin. Что это за криптомонета, и является ли она вообще таковой — дискуссии будут, видимо, продолжаться долго.

2019-2-17 13:10


SWIFT Outperforming Ripple, Bitcoin ETF On The Way, JP Morgan Launches Own Coin, XRP Centralized, Coinmama Hacked, Nasdaq to Add BTC and ETH Indices to its Global Data Services: This Week In Crypto

This week, as usual, was full of activities, most of it focused on the future of cryptocurrencies and cryptocurrency adoption. Top among the stories were predictions on the future price of Bitcoin which have been mostly bullish.

2019-2-17 11:13


Фото:

Ripple Upgrades XRP Ledger Version to 1.2.0 With New Features and Improved Security

Ripple remains focused on evolving as a company with a better product every day and does not let statements from competitors such as SWIFT and JP Morgan distract them from their goal. In an announcement posted on its official website on 13 February 2019, Ripple, the company behind the popular XRP token and other blockchain-based […] The post Ripple Upgrades XRP Ledger Version to 1.

2019-2-16 03:04


Crypto Markets Experience Mixed Trading Session, Analysts Expect Ethereum and Litecoin to Drop in Near-Future

The crypto markets have continued to gradually drift lower following last Friday’s market surge. Most cryptocurrencies have dropped today, with Ethereum trading down marginally, and XRP dropping nearly 2% due to concerns regarding the newly announced JP Morgan crypto (JPM Coin) possibly being a competitor.

2019-2-16 02:00


JP Morgan’s Newly-Created JPM Coin Sparks Ambivalent Feelings Within Crypto Community

CoinSpeaker JP Morgan’s Newly-Created JPM Coin Sparks Ambivalent Feelings Within Crypto Community As the payment flow of JPM Coin demonstrates several of Ethereum’s core benefits for the finance and banking industry, some are afraid of the impact JPM Coin may have on other coins, including Bitcoin, XRP, and the crypto market in general.

2019-2-15 15:20


No, JP Morgan Coin will not kill Ripple’s XRP, it might actually make it even more relevant

And now J. P. Morgan has become the first US bank to offer its own cryptocurrency, CNBC reported. But this will not be another investment vehicle—at least for now. The cryptocurrency, dubbed “JPM Coin,” is planned to be a stablecoin, utility settlement coin intended for the bank’s wholesale payments business that moves $6 trillion around the world daily.

2019-2-15 22:33


[VIDEO] Blockchain and Cryptocurrency News For Today November 14th – Severe Market Downturn

Ripple Price Analysis: XRP/USD Drops Four Percent, Stable above 50 Cents Ripple Price Analysis: XRP/USD Drops Four Percent, Stable Above 50 Cents Financial Times (FT) Explores Bitmain's Different IPO Prospectus' Profits Compared to Earlier Reports Financial Times (FT) Explores Bitmain's Different IPO Prospectus' Profits Compared To Earlier Reports JP Morgan Chase's Blockchain DLT System ‘Interbank […]

2018-11-15 08:20


Фото:

Ripple не вошла в индексный криптофонд Morgan Creek

Инвестиционная компания Morgan Creek создала криптовалютный индексный фонд Morgan Creek Digital Asset Index Fund и не включила в него несколько крупных цифровых валют, в числе которых Ripple (XRP), а также Lumen (XLM) проекта Stellar.

2018-8-28 22:41


Фото:

New Morgan Creek Index Excludes ‘Pre-Mined’ Tokens Like XRP – But Not Ethereum

Morgan Creek Capital Management, the investment house with $1. 5 billion of assets under its wing, has refused to include Ripple in its new rules-based index fund. ‘A Lot Of Additional Risk’ As Forbes reports on the launch day of Digital Asset Index Fund August 28, Morgan Creek has opted to exclude any cryptocurrency with more than a 30 percent premine.

2018-8-28 19:00


Новый индексный криптофонд Morgan Creek не будет включать XRP и XLM

Инвестиционная компания Morgan Creek, управляющая $1,5 млрд в активах, запустила собственный индексный криптофонд Morgan Creek Digital Asset Index Fund, однако отказалась включать в него некоторые крупные криптовалюты.

2018-8-28 16:53


дальше еще 44 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

What Triggered The 6,350% Spike In XRP Long Liquidations Compared To Shorts?

The bulls have continued to take a beating in the market, and XRP bulls, in particular, were recently in the spotlight as $1. 27 million was liquidated from their long positions. This 6,350% spike in long liquidations is likely due to XRP’s recent price action, highlighting the general sentiment in its ecosystem.