- XRP faces short-term pressure as bearish signals mirror Bitcoin’s broader market dip.
- Alex Cobb projects a bullish XRP breakout, citing consolidation and regulation gains.
- Diverging views show XRP’s near-term risk but highlight its long-term growth potential.
The cryptocurrency market has been abuzz with discussions surrounding XRP’s recent price movements. Pro-Ripple attorney Bill Morgan and popular XRP advocate Alex Cobb have presented contrasting perspectives on the token’s future trajectory. Their analyses shed light on both short-term bearish pressure and long-term bullish potential.
Bearish Signals: Bill Morgan’s Analysis
According to Bill Morgan, XRP’s recent price action suggests a clear bearish trend. The XRP/USD 1-day chart reveals a 5.29% decline, with the price dropping from a brief peak above $2.58 to around $2.47. This downward movement mirrors Bitcoin’s performance, which saw a drop from $104,000 to just above $102,000, highlighting a broader market sell-off.
Morgan emphasized that the persistent selling pressure prevented any significant recovery for XRP, maintaining its bearish momentum. The price transitioned from green to red territory, reflecting market pessimism. His analysis indicates that XRP remains vulnerable to further declines unless it finds strong support.
Alex Cobb’s Optimistic Outlook
In contrast, Alex Cobb maintains a bullish view on XRP. He projects a two-digit price for the token by the end of this year, driven by technical and macroeconomic factors.
Cobb argues that XRP’s prolonged consolidation is a sign of strength, not weakness. He believes the token’s multi-month price structure and successful support retests position it for a major breakout.
Cobb further highlighted favorable regulatory developments, including increased institutional interest and U.S. regulatory clarity. According to him, these factors will provide XRP with a solid foundation for future growth. He also cited Ripple’s strategic moves, such as the acquisition of Hidden Road for $1.25 billion, which enhances the XRP Ledger’s ecosystem.
XRP didn't come all this way, build a perfect previous high back test 27 week consolidation structure just to go back down to $0.60, would have happened by now with tariff fud if that was the case.
— Cobb (@Cobb_XRPL) May 12, 2025
Regulations are finally here, FDIC + many other regulators giving the green light… pic.twitter.com/1e2erLNzn4
Diverging Predictions: Bearish vs. Bullish
The differing views of Morgan and Cobb highlight the uncertainty surrounding XRP’s price trajectory. While Morgan’s analysis suggests caution, Cobb’s optimistic outlook emphasizes the token’s long-term potential. For traders and investors, understanding both perspectives is essential in navigating the volatile crypto market.
As of press time, XRP is trading at $2.48, marking a 5.68% decline over the past 24 hours. Despite the short-term dip, the token has gained 12% in the past week, reflecting ongoing market volatility.
