The post XRP Army’s Positive Outlook: Insights on Staying Bullish Beyond Ripple’s Crossovers appeared first on Coinpedia Fintech News

Despite market corrections in September, XRP has shown resilience. Its price has been upward since mid-September, stabilizing after earlier volatility. After a dip at the beginning of the month, XRP traded between $0.49 and $0.51 before another slight dip. Since then, it has been steadily recovering and gaining strength.

However, the notable dip in XRP charts suggests a potential trend reversal. This could lead to a devaluation of the coin, testing the trendline before a potential breakdown. At the same time, many are hesitating to invest in XRP after the controversy of Ripple not choosing XRP in the liquidity pool. One analyst stood firm. here’s why? 

Analyst Charts Out His Bullish Reasons for XRP Investment

Prominent crypto author Panos Mekras has taken a stand in defense of his investment in XRP, shedding light on what he sees as the cryptocurrency’s intrinsic value. In a recent statement, Mekras pointed out two key factors that underscore his bullish outlook on XRP. Firstly, he emphasized the utility of XRP in the payment landscape, highlighting its efficiency and speed in facilitating transactions. This attribute, he believes, positions XRP as a valuable asset in the world of digital payments.