A prominent Ripple analyst has come out swinging against what he calls “bullshit” fear, uncertainty, and doubt (FUD) surrounding XRP.
In a recent video on the XRPRightNow YouTube channel, the analyst forcefully dismissed claims of an impending XRP price crash. He urged investors to “zoom out” and consider the bigger picture.
The analyst pointed out that despite recent fluctuations, XRP’s current price remains higher than it was in September. He attributed recent downward pressure to external factors, including news about the Bitwise ETF, Paneri’s ETF, and the ongoing legal appeal process involving Ripple.
XRP’s Market Performance: A Closer Look
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According to CoinGecko data, XRP is currently trading at $0.5437, showing a modest 1.7% increase over the past 24 hours. While the token has experienced a 12% dip over the last week, it’s important to note that it still maintains a 2.7% gain over the past 30 days.
These figures seem to support the analyst’s call for a broader perspective. Despite short-term volatility, XRP has managed to hold onto some of its recent gains. It suggests underlying strength in the face of market challenges.
The analyst’s bullish stance on XRP’s participation in the upcoming bull run stands in stark contrast to some of the more bearish sentiments circulating in the crypto community. He stated that “XRP is not missing this bull run.”
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While the analyst’s optimism is clear, the cryptocurrency market is quite volatile. External factors, including regulatory decisions and broader economic trends, can impact token prices. Especially with XRP, the move by SEC can affect its price greatly.
