<p>The post <a href="https://coinpedia.org/price-analysis/xrp-price-analysis-analyzing-xrps-performance-amidst-sec-scrutiny-with-bill-morgan/">XRP Price Analysis: Can XRP Shake Off its 90-Day Slump?&nbsp;Debate Heats Up</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The cryptocurrency world is buzzing with excitement and curiosity following <a href="https://coinpedia.org/news/xrp-supporter-bill-morgan-plans-innovative-event-to-cheer-up-xrp-fans-amidst-community-concerns/">Bill Morgan’s</a> insightful analysis of XRP’s recent market activity. Morgan’s observations have not only shed light on the token’s underperformance but have also triggered a spirited debate among enthusiasts, urging them to delve deeper into the dynamics influencing XRP’s market standing.</p> 
<p>Read more about this below.</p> 
<h2 class="wp-block-heading" id="h-bill-morgan-s-analysis"><strong>Bill Morgan’s Analysis</strong></h2> 
<p>Morgan, referencing a chart shared on the X platform, raised a critical question: Why has XRP’s performance taken a hit over the last 90 days? Describing the decline as “unnatural,” he has prompted the community to dig into the factors behind this downturn.</p> 
<p>Currently sitting second-to-last, <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">XRP</a> has witnessed a concerning 17.8% decline in the past ninety days. Morgan’s remark, “At least XRP isn’t last,” has fueled concerns, labeling the coin’s performance as both “unnatural” and “irrational.”</p> 
<p>Read More: <a href="https://coinpedia.org/news/binances-massive-63-million-xrp-transfer-sparks-surge-price-rockets-to-0-53/">Bulls, Rejoice! Binance Makes $63 Million XRP Transfer; Price Surge Incoming?</a></p> 
<h2 class="wp-block-heading" id="h-is-there-a-silver-lining">Is There a Silver Lining?</h2> 
<p>Despite the gloomy sentiment, XRP experienced a nearly 5% surge in the past week, reaching an impressive high of $0.5380, signaling a potential uptrend. Simultaneously, tensions loom in the SEC v. Ripple lawsuit, with recent filings revealing the regulatory body’s request for Ripple’s financial statements from 2022–2023. </p> 
<p>Legal experts offer diverse perspectives on the case’s trajectory, with potential ramifications for XRP’s future. While settlement talks remain shrouded in confidentiality, the outcome looms as a pivotal factor in shaping XRP’s market dynamics.</p> 
<h2 class="wp-block-heading" id="h-community-concerns"><strong>Community Concerns</strong>&nbsp;</h2> 
<p>Despite Morgan’s optimism, the community leans towards pessimism, fearing a possible breakout. However, Crypto Rover anticipates a resurgence, injecting confidence into XRP’s future. Recent price hikes suggest renewed investor interest, paving the way for potential growth.</p> 
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   <p lang="en" dir="ltr">At least XRP isn’t last. The question is why has the performance over 90 days been so poor. It is unnatural. <a href="https://t.co/hsvBBhUBJQ">https://t.co/hsvBBhUBJQ</a></p>— bill morgan (@Belisarius2020) <a href="https://twitter.com/Belisarius2020/status/1757333849573560655?ref_src=twsrc%5Etfw">February 13, 2024</a>
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<p>WhaleAlert data reveals significant activity, with a notable purchase of 200 million XRP from Binance, valued at $106 million. This aligns with Dark Defender’s bullish forecast, predicting a surge to $0.60 and beyond, defying skepticism and offering hope for investors.</p> 
<p>In summary, Bill Morgan’s analysis has sparked a vibrant debate in the cryptocurrency community, shedding light on XRP’s recent struggles while keeping an eye on potential growth.</p> 
<p>This Might Interest You: <a href="https://coinpedia.org/news/ripples-potential-strategy-selling-xrp-to-non-us-vcs-to-revitalize-xrpl/">Ripple’s Potential Strategy: Selling XRP to Non-US VCs to Revitalize XRPL</a></p>

XRP Price Analysis: Can XRP Shake Off its 90-Day Slump? Debate Heats Up

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