Moon

<a href="https://www.newsbtc.com/analysis/xrp/ripple-control-xrp-price/#:~:text=No%20Ripple%20Effect%20On%20XRP,single%20digit%20impact%20on%20volume.%E2%80%9D" rel="nofollow noopener" target="_blank">The XRP price action</a> continues to be a concern for many in the XRP community. Some have gone as far as stating that the <a href="https://bitcoinist.com/crypto-expert-xrp-price-suppressed/">crypto token’s price is suppressed</a>. This <a href="https://bitcoinist.com/xrp-news-ripple-lawyer-sec/">pro-XRP legal expert</a>, however, thinks otherwise as he provides a different perspective on XRP’s relatively tepid movement.&nbsp; 
<h2 id="xrp-holders-need-deeper-conviction">XRP Holders Need Deeper Conviction</h2> 
In a <a href="https://x.com/Belisarius2020/status/1736916143569572011?s=20" rel="nofollow" target="_blank">post</a> on his X (formerly Twitter) platform, Bill Morgan said that convictions (likely in reference to <a href="https://bitcoinist.com/xrp-price-at-470/">XRP holders</a>) need to be “deeper than a day, week, or month of price action.” He mentioned how he doesn’t read much into a month’s price action in the crypto market.&nbsp; 
Before then, the legal expert had highlighted how XRP’s price action hasn’t been great, as it is down over 2% over the last month. Although the 2% drop seems to be significant to Morgan, he was choosing to hold firm to his belief about <a href="https://www.newsbtc.com/analysis/xrp/crypto-analyst-xrp-price-18/" rel="nofollow noopener" target="_blank">XRP’s potential</a>. His post came in response to XRP YouTube Moon Lambo’s post, which was also on XRP’s recent price action.&nbsp; 
In his post, Lambo had a word for the naysayers as he stated that there was nothing “weird” with the XRP price decline since other coins were suffering a similar fate at the moment. However, Lambo’s statement was in reference to XRP’s price action in a 24-hour timeframe, and that might do little or nothing to alleviate the concerns of those <a href="https://www.newsbtc.com/analysis/xrp/xrp-price-up-today-ripple/" rel="nofollow noopener" target="_blank">worried about XRP’s price</a>.&nbsp; 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/QG2V5LfS/" alt="XRP price chart from Tradingview.com" width="3266" height="1530"> 
<h2 id="narrative-also-matters-when-looking-at-xrp-price-action">Narrative Also Matters When Looking At XRP Price Action</h2> 
Moon Lambo wasn’t done yet as he went on to further elaborate on why XRP’s price action shouldn’t be worrisome. In a subsequent <a href="https://x.com/MoonLamboio/status/1736980705878385137?s=20" rel="nofollow" target="_blank">X post</a>, he noted that anyone can paint whatever narrative they want about a coin by alluding to only price data over a specific period. While speaking about XRP’s declining price action, many only seem to allude to the present.&nbsp; 
However, Lambo was quick to recount <a href="https://www.newsbtc.com/analysis/xrp/xrp-price-61000-surge-analyst/" rel="nofollow noopener" target="_blank">XRP’s past successes</a> in case some of the holders might have forgotten. He highlighted how <a href="https://www.newsbtc.com/analysis/xrp/xrp-1500-against-bitcoin/" rel="nofollow noopener" target="_blank">XRP “destroyed” Bitcoin</a> in the 2017 bull market as it surged by 80,000% then. XRP also happens to be one of the “most successful coins in history,” in Lambo’s opinion, considering that it is currently ranked fifth by market cap.&nbsp; 
The XRP YouTuber was simply suggesting that XRP Holders were paying so much attention to the short-term price action rather than the bigger picture. He believes that this short-term price action does not matter in the grand scheme of things as they are not an indicator of XRP’s future trajectory.&nbsp; 
Lambo reasserted that <a href="https://www.newsbtc.com/analysis/xrp/xrp-price-up-today-ripple/" rel="nofollow noopener" target="_blank">he isn’t worried</a> about the XRP price action. The only time when he will be worried is if Bitcoin were to hit a new all-time high (ATH) and altcoins like XRP don’t follow. Until then, he says that the “rational thing” to do is to do nothing.&nbsp; 
At the time of writing, XRP is trading above $0.6, down in the last 24 hours, according to <a href="https://coinmarketcap.com/currencies/xrp/" rel="nofollow noopener" target="_blank">data</a> from CoinMarketCap.&nbsp;

Is The XRP Price Action Something You Should Worry About? Legal Expert Chimes In

Obsah

Bitcoinist

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