Well-known analyst UnknownDLT calls for a reevaluation of price forecasting methods for cryptocurrency XRP, highlighting the limitations of technical analysis in the new financial market phase.
Issues with Technical Analysis for XRP
UnknownDLT expressed his view on the relevance of technical analysis (TA) for XRP price forecasting. According to him, using charting tools and Bitcoin cycle analysis is not suitable for assessing the real value of XRP in the future. "There is no TA capable of estimating the price of XRP in a utility market" — emphasizes the analyst.
The New Financial Market and Its Opportunities
The analyst asserts that the cryptocurrency market is undergoing a significant transformation. XRP, in his opinion, was built to address Bitcoin's flaws and is part of a new financial structure that could last for decades. He notes that traditional forecasting tools cannot reflect this new reality.
XRP Outside Traditional Forecasting Models
The perception of XRP as an asset is changing. Supportive voices in the community point out that price predictions based solely on short-term trading patterns may overlook more significant aspects of long-term growth and sustained demand.
The discussion surrounding XRP highlights the need for a new approach to analysis and price forecasting amid changing financial markets. These changes may create new opportunities that have not been captured by traditional valuation methods.
