- In a recent post, Bill Morgan, a pro-XRP lawyer, addressed concerns about Ripple’s alleged dumping of XRP coins in the market.
- Following Morgan’s remarks, XRP’s price saw an uptick, with speculations of the price reaching $1.
- Morgan dismissed the fears as baseless, stating that Ripple’s actions are part of a strategic plan to increase XRP’s utility and adoption.
Pro-XRP lawyer Bill Morgan debunks FUD over Ripple’s alleged dumping of XRP, leading to a price uptick with speculations of $1 on the horizon.
Bill Morgan Addresses XRP FUD
Bill Morgan, a renowned pro-XRP lawyer, recently shared his insights on Ripple’s alleged dumping of XRP coins in the market. In a post published on X, Morgan dismissed the fears permeating the XRP community as ‘nonsense.’ This declaration seems to have stirred optimism, leading to an impressive recovery in XRP’s price.
XRP Price Soars Following Morgan’s Remarks
Following Morgan’s remarks, XRP’s price saw an uptick. At the time of writing, XRP has gained 2.38% in the past 24 hours and is currently trading at $0.5421. The token’s weekly charts show a 7.35% upswing, attracting substantial investor attention.
Analyst Predicts Bullish Run for XRP
A renowned crypto analyst, Egrag Crypto, has spotlighted vital insights into XRP’s price movements. According to Egrag, XRP’s Structural, Sentiment, Macro, and Psychological (SSMP) model hints at a potential bullish run for the token, possibly reaching or even surpassing the $1 mark.
Conclusion
Despite the FUD surrounding Ripple’s alleged dumping of XRP, the token’s price has seen a significant recovery. With the possibility of a bullish run on the horizon, XRP could potentially reach or surpass the $1 mark. However, investors should continue to monitor the market closely and make informed decisions.
