Despite Profit Booking, Pro-XRP Lawyer Predicts New ATH in 2024
With attention focused on the SEC vs. Ripple lawsuit deadline, XRP is expected to close the week with slight losses, retracting from recent gains. Pro-XRP lawyer Bill Morgan anticipates a surge in XRP‘s value to all-time highs in 2024 amid Bitcoin’s recent performance. On Friday, the price of XRP experienced a dip to $0.62, managing to hold above the significant psychological threshold of $0.60 despite heightened profit-taking activity among holders of the altcoin. As the week draws to a close, XRP is poised to end with slight losses, retracting slightly from its recent price recovery, as attention remains focused on a crucial deadline in the ongoing SEC vs. Ripple lawsuit scheduled for March 22. Over the past week, XRP holders have seized profits amounting to $370 million since the start of March 2024, likely contributing to the observed price correction in recent days. On-chain data provided by Santiment reveals a consistent trend of profit-taking by XRP holders throughout March, coinciding with the altcoins climb to a peak of $0.6685 on Tuesday. Courtesy: Santiment Notably, XRP has seen a surge in its on-chain activity, characterized by an uptick in both Active Addresses and Whale transactions valued at $100,000 and above, with both metrics experiencing notable spikes