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XRP Community Leaders Clash Over Price Expectations for the Popular Altcoin Asset
Ripple’s XRP community leaders clash over the asset’s price
Bullish voice calls out bearish forecasts as there is no basis for FUD
The analyst explains why XRP remains bullish and what could change that.
Tensions rise amongst altcoin traders as expectations for altseason hit negative sentiment amongst many community leaders. With the price of the pioneer altcoin asset, Ethereum (ETH), struggling to maintain its prive over the $4,000 range, sentiments continue to drown. One XRP community leader clashes with other community leaders and analysts over price expectations for the popular altcoin asset
XRP Community Leaders Clash Over Price Expectations
No doubt, the XRP community has had the hardest two cycles yet. Due to Ripple and XRP’s battle with the SEC that began in 2017, this project has faced a lot of challenges, but none that the community and project could not rise above. The issue that stretched on for over 7 years was finally resolves last year, allowing high sentiments to take over for the project’s expected bright future
Now 8 years ago, the price of XRP was pumping hard alongside BTC and ETH, hitting a new ATH is the $3 price range, and expected to climb higher. This climb was immediately halted when the SEC entered the picture, leading to the price of XRP tumbling down and trading low for the next 7 years. This caused the asset to miss the next bull cycle pump, and analysts are afraid that this cycle may be missed too due to altseason’s delay.
On this matter, many reputed analysts and altcoin price experts disagree. While some state altseason was missed this cycle, other remain adamant that there are still many bullish signs for altseason to arrive. So far this bull cycle, the price of XRP has pumped twice and has neared its long-set ATH price in the $3 price range. With the current market sentiments, analysts argue over what to expect next
As we can see from the post above, this analyst has had it with hearing bearish forecasts for XRP, as he believes they are simply inaccurate and is creating FUD with no basis. The analyst respectfully calls out other analysts who have been sharing berish predictions for XRP and clarifies that this is only a healthy debate. He then goes on to pinpoint statements made by these analysts and questions them on matters that do not align with XRP’s price action so far
Can Ripple’s XRP Still Pull a Bullish Run?
Ultimately, the analyst remains bullish and confirms it with one statement, which is his big picture, that is that if the price of XRP holds above $2.20 and $1.97 (monthly closes), there is no structural break. This would mean that XRP has not turned bearish, which it has not based on this observation. Thus, the analyst concludes by encouraging traders to stay vigilant and keep watch on this bullish sign