In recent weeks, XRP has been slowly insinuated but certainly to become one of the most discussed cryptocurrencies in space. Its price has also increased constantly during this period, beating the level of $ 3.6 to reach the new seven -year -olds and triggering momentum at higher prices. While the community celebrates this milestone, there is the fact that Altcoin has not made a new maximum of all time and also with all the recent thrust, its inability to reach the new peaks has become a reason for concern.
Are XRP investors getting the short part of the stick?
In a TradingView post, the Crypto ICHARTED analyst made a shocking accusationThat is to say that XRP investors are torn. The analyst stressed that in the fact that a number of bullish developments has emerged in recent times and the XRP price is still well below the levels of all time shows that investors were getting the short part of the stick.
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The analyst listed seven developments that have been bullish for the XRP price and should have already pushed him to new peaks. The first on the list is the election of the President of the United States Donald Trump, who is the first president in favor of the crypt in history. Despite the market wave triggered by Trump’s elections, XRP has remained well below its historic tops.
Subsequently in the list is the fact that the Ripple case presented by the Securities and Exchange Commission (sec) in 2020 is approaching its end, and this has also triggered an increase. But it was not yet enough for the new peaks. This also comes between the adoption of Massa as Ripple becomes the main company of cryptocurrency settlements in the sector.
ICharted also underlined the myriad of partnership that Ripple ink, which extends from payments to properties, yet the XRP price continues to fight. This has put XRP in the eyes of the public, making it a known cryptocurrency, above all because it plans to take Swift, but is still sitting below the historic tops.
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The increase in the volume in the last year is another development to which the analyst indicates, as well as the fact that it has been able to receive an approval of the ETF this year, which started negotiating last week. Therefore, last but not least, it is the fact that the United States congress has approved multiple encrypted encouraging invoices this year, yet the XRP price remains below the peaks of 2018.
Since none of these were able to push the XRP price to the new maximums of all time, the analyst warned the investors who were torn on the price action. ICharted soon indicated a possible collapse of the price at the level of $ 2, providing that a free drop will begin in August. “The federals will soon cut the rates several times. Tank Bitcoin every time it happens,” the analyst warned.
First floor image from Dall.e, tradingView.com graphic