In recent weeks, XRP is slowly but surely crossed To become one of the most discussed cryptocurrencies in space. The price has also increased steadily due to this time, which means that the level of $ 3.6 is defeated to reach new seven -year highlights and to activate the momentum for higher prices. Although the community celebrates this milestone, there is the fact that the Altcoin has not made a new all time, and even with all recent push, the inability to achieve new peaks has become a reason for concern.
Do XRP investors get the short end of the stick?
In a trade afterCrypto analyst Icharted made a shocking statementnamely that XRP are investors scammed. The analyst pointed out that the fact that a number of bullish developments have arisen recently and the XRP price is still far below the all time of high levels, that investors got the short end of the stick.
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The analyst mentioned seven developments that Bullish have been for the XRP price and should have pushed it to new peaks. First on the list is the election of US President Donald Trump, who is the first pro-Crypto president in history. Despite the market bump caused by Trump’s elections, XRP has remained far below its all-time highlights.
The following on the list is the fact that the Ripple case of the Securities and Exchange Commission (SEC) is approaching the end in 2020, and this has also caused a wave. But it was still not enough for new peaks. This is also amidst mass acceptance when Ripple becomes the most important crypto -settlement company in the industry.
ICharted also pointed to the countless partnerships that Ripple has inkedVary from payments to real estate, and yet the XRP price continues to struggle. XRP has put this in the eye of the audience, making it a well -known cryptocurrency, especially because it is planning to accept Swift, but it is still below all time.
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The increase in volume in the past year is another development that the analyst points to, as well as the fact that this year it was able to receive an ETF approval that started to act last week. Last but not least is the fact that the American congress has adopted several favorable crypto accounts this year, and yet the XRP price will remain below the peaks of 2018.
Given that none of these has been able Push The XRP prize to new all-time highlightsthe analyst investors warned that they are being torn about the price action. Icharted soon pointed to a possible price crash back to the $ 2 level, and predicted that a free fall will start in August. “The FBI will soon lower the rates several times. Bitcoin tanks happens every time that happens,” the analyst warned.
Featured image of dall.e, graph of tradingview.com