{"id":561246,"date":"2023-11-18T00:00:30","date_gmt":"2023-11-18T00:00:30","guid":{"rendered":"https:\/\/wncen.com\/?p=561246"},"modified":"2024-06-11T08:02:58","modified_gmt":"2024-06-11T08:02:58","slug":"xrp-triple-digit-forecast-top-advocate-casts-doubts","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-triple-digit-forecast-top-advocate-casts-doubts\/","title":{"rendered":"XRP’s Triple-Digit Forecast: Top Advocate Casts Doubts On Dream Valuation"},"content":{"rendered":"

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

The Parabolic Price Move: A Myth Or Reality?<\/h2>\n

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.<\/p>\n

\n
Related Reading: Altcoin Delight: Solana Balloons To 50%, Nearly Triples In A Month \u2013 Here\u2019s Why<\/a><\/div>\n<\/div>\n

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.<\/p>\n

\n

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\u2026 https:\/\/t.co\/NMwiWqfdWt<\/a><\/p>\n

\u2014 bill morgan (@Belisarius2020) November 17, 2023<\/a><\/p><\/blockquote>\n

Morgan’s analysis delves deeper into the relationship between XRP\u2019s market behavior and Bitcoin (BTC). Contrary to the popular belief that XRP might soon undergo a parabolic price<\/a> increase, Morgan noted:<\/p>\n

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.<\/p><\/blockquote>\n

This observation particularly challenges the narrative of a forthcoming surge in XRP’s value, often depicted<\/a> in the community’s discourse.<\/p>\n

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.<\/p>\n

While the crypto market is known for its unpredictability and rapid changes, Morgan’s post suggests expecting a meteoric rise in XRP\u2019s price might be overly optimistic. His stance encourages a more measured and realistic approach to understanding XRP’s future market performance<\/a>.<\/p>\n

XRP Latest Price Action<\/h2>\n

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

\"XRP
XRP price is moving sideways on the 4-hour chart. Source: XRP\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

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

\n
Related Reading: Altcoins Market Share Versus Bitcoin At A 4 Month High: What\u2019s The Trigger?<\/a><\/div>\n<\/div>\n

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.<\/p>\n

Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

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. Related Reading: Altcoin Delight: Solana Balloons To 50%, Nearly Triples In A Month \u2013 Here\u2019s Why 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\u2026 https:\/\/t.co\/NMwiWqfdWt \u2014 bill morgan (@Belisarius2020) November 17, 2023 Morgan’s analysis delves deeper into the relationship between XRP\u2019s 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\u2019s 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. Related Reading: Altcoins Market Share Versus Bitcoin At A 4 Month High: What\u2019s The Trigger? 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<\/p>\n","protected":false},"author":580,"featured_media":524613,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[134,6664,4531,89311,78763],"class_list":["post-561246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-altcoin","tag-crypto","tag-xrp","tag-xrp-prediction","tag-xrpusdt"],"acf":[],"yoast_head":"\nXRP Triple-Digit Forecast: Top Advocate Casts Doubts On Dream Valuation<\/title>\n<meta name=\"description\" content=\"Bill Morgan, an XRP advocate, has recently expressed his skepticism regarding the lofty price targets for XRP circulating on social media...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP’s Triple-Digit Forecast: Top Advocate Casts Doubts On Dream Valuation","url":"http:\/\/wncen.com\/news\/ripple\/xrp-triple-digit-forecast-top-advocate-casts-doubts\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple\/xrp-triple-digit-forecast-top-advocate-casts-doubts\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/XRP-2.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/XRP-2.jpeg?fit=1140%2C815"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","crypto","xrp","xrp prediction","xrpusdt"],"dateCreated":"2023-11-18T00:00:30Z","datePublished":"2023-11-18T00:00:30Z","dateModified":"2024-06-11T08:02:58Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP’s Triple-Digit Forecast: Top Advocate Casts Doubts On Dream Valuation\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-triple-digit-forecast-top-advocate-casts-doubts\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-triple-digit-forecast-top-advocate-casts-doubts\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/XRP-2.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/XRP-2.jpeg?fit=1140%2C815\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"crypto\",\"xrp\",\"xrp prediction\",\"xrpusdt\"],\"dateCreated\":\"2023-11-18T00:00:30Z\",\"datePublished\":\"2023-11-18T00:00:30Z\",\"dateModified\":\"2024-06-11T08:02:58Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/XRP-2.jpeg?fit=1140%2C815","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/561246"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=561246"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/561246\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/524613"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=561246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=561246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=561246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}