There's no bullish momentum that I can see yet. The last high price since June 15th was $1.29, and the market has been selling off since then. I don't hold XRP, but I mostly trade the perpetual contract, so I'm always watching the price movement. It doesn't seem like it's going to experience any price rally soon, and if you observe, it's almost in sync with Bitcoin's price, such that when Bitcoin's price pushes upward, XRP's price also goes up, just like most other altcoins out there.
The article I was reading this morning explained that XRP has reached an oversold level, so the speculation is whether the bottom has been reached or not. Its all time low this year is $1.007, which was reached in June. Based on my analysis, the price might not go below that level, provided Bitcoin doesn't dip any further below $58k.
I have been in the crypto world for over ten years now, a whole decade long period and then some, and I can assure you one thing; there will always be people who love XRP and shill it for free. I have absolutely no idea why they do that, and I have no idea what they gain from it. Not like writing a topic about it on Bitcointalk will increase its price, so it's not benefiting them that way. If this was causing the price to go up, then I would say they are doing it so that they have a bag and they can get rid of their bag when the price goes up after they post this.
But we all know, even OP knows, this post will not make XRP price go up. So I still have no clue why they would shill something like this. XRP is the original first shitcoin that we had, it is based on a COMPANY for a crypto world that was created to be decentralised. How could anyone invest in something that is literally a product of a company? That has never been something I ever understood.
