XRP’s price dominance chart is at a critical level.
A crypto analyst predicts XRP will dominate the next bull run.
XRP’s price trend aligns with its dominance pattern from inception.
XRP’s price dominance has reached a pivotal point, with technical analysts closely monitoring its trajectory. Renowned crypto lawyer Bill Morgan, echoing an X user’s analysis, sees the altcoin’s recent performance as a stark reminder of the challenges faced by crypto analysts.
There is some awareness of where XRP is on these two charts in the #XRP community although probably not enough. XRP price action can be a graveyard for chart analysts. https://t.co/QWdHD4a7l4
— bill morgan (@Belisarius2020) September 6, 2024
Highlighting the technical analyst’s post, Morgan spotted some awareness of XRP’s current price situation. However, he foresees the need for more energy in the market to trigger the analyst’s prediction of a significantly bullish move for the payments-focused altcoin.
Read also: XRP Price at Crossroads: Bullish Breakout or Double Top?
In a recent post, a technical analyst on X shared a screenshot of an XRP dominance chart. He used it to analyze the a…
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