CandleFocus XRP Lags Behind as Bitcoin Soars: Legal Troubles Weigh Down Price
2024-11-07
Author: Content Editor
Despite the recent crypto market rally, XRP has significantly underperformed compared to Bitcoin, with XRP falling 18.72% while Bitcoin has surged 114.46% since November 2024. However, a prominent lawyer and XRP enthusiast, Bill Morgan, defended the altcoin, suggesting that its poor performance is due to its association with the ongoing legal battle between Ripple and the SEC. Morgan believes that once the legal situation is resolved, XRP will see a significant price increase. Currently, XRP is trading at $0.5596, down 85.54% from its all-time high in January 2018. In the past seven days, XRP has experienced a 7.42% surge and a 5.48% rise in the last 30 days.
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