XRP’s price motion for the last three years has been majorly disappointing, with the crypto yet to show positive for its holders. Notably, XRP’s price motion for the past three months has been brutal and wishes to catch up when put next to other large cryptos.

Despite this underwhelming price movement, many analysts haven’t stopped predicting a potential rally for XRP in the approaching months. Particularly, attorney Bill Morgan, who is understood for his bullish stance on XRP, recently took to social media to share his tackle the asset’s lackluster performance, calling it “unnatural.” 

Pro-XRP Lawyer Calls The Decline ‘Unnatural’

Morgan’s recent commentary on XRP goes together with the broader thought amongst investors. Based on him, XRP’s performance over the past 90 days has been so unnatural, raising the query of how this poor performance got here to be. This commentary got here as a reply to a chart shared by one other investor comparing crypto gains. 

At the least XRP isn’t last. The query is why has the performance over 90 days been so poor. It’s unnatural. https://t.co/hsvBBhUBJQ

— bill morgan (@Belisarius2020) February 13, 2024

Based on the information, XRP is currently on a 17.8% decline prior to now 90 days. Nonetheless, other top cryptocurrencies like Bitcoin, Chainlink, BNB, and Ethereum have performed 30% gains in the identical timeframe amidst wider crypto market rallies. The insights made by Morgan haven’t only make clear the underperformance of XRP but have also sparked discussions amongst supporters.

This says all of it…. pic.twitter.com/nLHxbawqDz

— MerlinR₳s (@MerlinRas21) February 13, 2024

The final consensus has been of an unnatural price motion. The unnatural on this case has mostly been brought on by the legal tussle between the SEC and XRP’s payment company, Ripple, which has lingered for the past three years. Although Ripple has made major headways against the SEC prior to now 12 months, the recent price motion indicates that XRP is yet to garner support from institutional and enormous investors.

Ripple currently trading at $0.54459 on the day by day chart: TradingView.com

Reversal Into A Rally?

The XRP community stays optimistic concerning the digital asset’s future. Many long-term XRP holders, often called “XRP Army” members, consider the lackluster price motion is temporary and that XRP will rebound significantly in the approaching months. 

According to Crypto Rover, a crypto YouTuber, XRP is on the verge of breaking out of a triangular price motion to the upside. His XRP/USD price chart indicates the formation of lower highs and better lows for the past three years and is now at a squeeze. Morgan also relayed optimism to the evaluation, stating “Now or never!”

$XRP

It has been 3 years now…

But I do consider the breakout could be massive! pic.twitter.com/lUZNTvzQNc

— Crypto Rover (@rovercrc) February 12, 2024

On the time of writing, XRP is trading at $0.54, down by 3.50% prior to now seven days. Crypto analyst Dark Defender forecasted a $0.66 price point and beyond in the approaching months. Talks proceed to linger across the potential of a spot XRP ETF.

Now or never!👍 https://t.co/rxPTBpdFSf

— bill morgan (@Belisarius2020) February 12, 2024

Featured image from Adobe Stock, chart from TradingView

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