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Why XRP Price Isn’t Soaring Despite New Ripple Features; Bill Morgan Weighs In
The post Why XRP Price Isn’t Soaring Despite New Ripple Features; Bill Morgan Weighs In appeared on BitcoinEthereumNews.com. XRP has been under the spotlight during this bear market, but its price remains a concern. After a strong start in August, XRP’s momentum stalled and hopes that XRP Ledger and RLUSD would give it a lift have fallen flat. Bill Morgan has closely observed these developments, offering his insights on why these factors haven’t pushed XRP higher. Let’s take a look at what he has to say! It should not be surprising. the XRPL Is decentralised and the Ecosystem is broad, diffuse, and global. The efforts of many over a long period of time and many external factors will impact on the long-term price action of XRP. It is hardly a surprise that the attempt by the SEC… — bill morgan (@Belisarius2020) September 5, 2024 In his recent X post, Bill Morgan expressed surprise that two significant developments—the introduction of smart contract capabilities to the XRP Ledger (XRPL) and the impending launch of Ripple’s RLUSD stablecoin—haven’t sparked any noticeable price movement for XRP. Despite these major updates, the token’s price remains largely stagnant, raising concerns about the market’s response to Ripple’s progress. Is It Rational to Expect Gains? Morgan also questioned whether investors holding XRP could realistically expect profits from Ripple’s efforts. Referring to the Howey Test, which assesses whether an asset should be considered a security, he cast doubt on whether an XRP investor could reasonably anticipate profits directly linked to Ripple’s actions after the token’s performance in recent years. Additionally, Morgan raised a more pointed question: is it even rational for XRP investors to hold on to such expectations? Given the lack of price movement in response to Ripple’s innovations, he implied that perhaps the market is no longer relying on Ripple’s efforts to boost XRP’s value. Community Reaction An X User known as RippleMeThis, responded to…
The post Why XRP Price Isn’t Soaring Despite New Ripple Features; Bill Morgan Weighs In appeared on BitcoinEthereumNews.com.
XRP has been under the spotlight during this bear market, but its price remains a concern. After a strong start in August, XRP’s momentum stalled and hopes that XRP Ledger and RLUSD would give it a lift have fallen flat. Bill Morgan has closely observed these developments, offering his insights on why these factors haven’t pushed XRP higher. Let’s take a look at what he has to say! It should not be surprising. the XRPL Is decentralised and the Ecosystem is broad, diffuse, and global. The efforts of many over a long period of time and many external factors will impact on the long-term price action of XRP. It is hardly a surprise that the attempt by the SEC… — bill morgan (@Belisarius2020) September 5, 2024 In his recent X post, Bill Morgan expressed surprise that two significant developments—the introduction of smart contract capabilities to the XRP Ledger (XRPL) and the impending launch of Ripple’s RLUSD stablecoin—haven’t sparked any noticeable price movement for XRP. Despite these major updates, the token’s price remains largely stagnant, raising concerns about the market’s response to Ripple’s progress. Is It Rational to Expect Gains? Morgan also questioned whether investors holding XRP could realistically expect profits from Ripple’s efforts. Referring to the Howey Test, which assesses whether an asset should be considered a security, he cast doubt on whether an XRP investor could reasonably anticipate profits directly linked to Ripple’s actions after the token’s performance in recent years. Additionally, Morgan raised a more pointed question: is it even rational for XRP investors to hold on to such expectations? Given the lack of price movement in response to Ripple’s innovations, he implied that perhaps the market is no longer relying on Ripple’s efforts to boost XRP’s value. Community Reaction An X User known as RippleMeThis, responded to…
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