XRP Fails to Hold: “One of the Worst Performers”

Amid the rise in the crypto market, the XRP price falling below $0.60 drew attention.

It was surprising that $XRP did not accompany the crypto rise that started with the US Fed lowering interest rates after four years. Ripple's coin XRP, which won its legal battle with the SEC for years, was shown as one of the “worst performing” cryptocurrencies.

While XRP increased by only 3 percent in the last week, it has lost 4.22 percent since the beginning of 2024. Crypto analyst Bill Morgan made striking comments about XRP.

According to analyst Bill Morgan, the $0.60 level is of great importance for XRP. Commenting on the level in question, the analyst said:

“The failure to break $0.60 means that the price may soon fall below the 20-day EMA (moving average). This price level has become a strong resistance point.”

Emphasizing that the outlook for XRP is weak, Morgan also touched on speculations that have become the focus of discussions. Many community members are speculating that the XRP price will rise to triple-digit levels following the SEC victory. Morgan, who warned investors against such speculations, argued that it is necessary to monitor whether the $ 0.60 resistance will be broken.

David Schwartz, one of Ripple's executives, stated that he had no idea what factors increased the XRP price. Schwartz, who denied the price manipulation allegations, said that he was also an XRP investor and would increase the price if he could.

According to CoinGecko data, XRP lost 1.55 percent in the last 24 hours. The popular altcoin has a market value of $ 33.143 billion.

#KIP #KIPprotocol #CryptoDeNostradame #MOGUL #Mogulproductions