Cryptocurrency advocate and lawyer Bill Morgan has expressed confidence in XRP‘s potential for substantial price growth within the current year. The digital currency, which has been following Bitcoin‘s lead in the market recovery, is benefiting from Morgan’s positive outlook. This optimism stems from Morgan’s belief that XRP could revisit its record-high value, previously attained in early 2018.
Bill Morgan’s Bullish Stance on XRP Price Momentum
Morgan bases his prediction on historical data, observing that XRP usually shows significant gains, particularly in the second and fourth quarters of the year. His analysis is further reinforced by fundamental factors, such as the U.S. Securities and Exchange Commission’s (SEC) recent inclination not to classify XRP as a security and the anticipation for a favorable outcome in the SEC’s ongoing lawsuit against Ripple.
Morgan also underscores the market’s eagerness for clear regulations concerning XRP’s status and reinstatement for trading on American cryptocurrency exchanges. He insists that despite the legal and regulatory hurdles, XRP has remained resilient, and with forthcoming legal clarity, the digital asset is poised to unveil its full potential.
XRP Enthusiasts Echo Morgan’s Confidence
Morgan’s views resonate with those of other XRP advocates, such as Moon Lambo, who stress the importance of concentrating on XRP’s advantages and legal clarity over the SEC-Ripple case details. Additionally, Morgan advises investors to acknowledge the recent momentum in Bitcoin’s value and consider the growth prospects of cryptocurrencies like XRP.
As of the latest data, XRP has experienced a modest uptick in its trading price, with minor fluctuations over the past day. The trading volume of the altcoin has been relatively steady, indicating sustained interest from investors amidst the optimistic forecasts.