Renowned analyst “CrediBULL Crypto” has put forth the notion that XRP doesn’t necessarily need to replicate its extraordinary 100,000% surge in order to make a monumental impact. During his recent appearance on The Aggressively Average Podcast, the analyst expressed this perspective when asked about the potential timing for XRP to make a bullish breakthrough, given its extended period of low prices. CrediBULL contended that XRP is on the cusp of something significant.
CrediBULL highlighted that the percentage gains achieved during the 2015-2017 rally were nearly 1,000 times, or 100,000%, which he deemed to be insane. However, he acknowledged that a 100x or 200x increase would still be similarly remarkable for the current bull market.
The analyst pointed out that while the percentage gain from the anticipated rally following the ongoing consolidation might be smaller, it still paves the way for substantial profits.
XRP Potential for This Season
CrediBULL elaborated that the entire period from the 2018 highs until now can be seen as an extensive consolidation phase. This consolidation has reduced volatility, reaching a peak and establishing a solid foundation. He emphasized that expansion follows consolidation, and the longer the consolidation period, the greater the subsequent expansion.
Drawing parallels to the 2017 expansion, which followed four years of consolidation, CrediBULL explained that this consolidation phase led to a significant surge in XRP’s value.
Likewise, XRP has now undergone almost seven years of consolidation, which he believes has eliminated weak investors and positioned the asset for a powerful upward movement.
Asserting that there are no longer any weak investors and that everyone is holding XRP firmly, the analyst argued that once the breakout occurs, XRP will experience a swift price movement.
CrediBULL recounted his own experience in 2017 when he entered the market at $0.22 and witnessed a rapid 10x increase in value.
Regarding the timing of the XRP move, the analyst suggested that historically, the most significant movements tend to occur after Bitcoin reaches its peak.
While acknowledging the uncertainty surrounding this particular XRP move, he argued that when it happens, it will be explosive, leaving little time for new investors to position themselves.
Essentially, the analyst cautioned that now is the opportune moment to enter the XRP market. He emphasized that the asset has the potential for extraordinary gains and waiting too long could result in missing out on significant profits.
He believes that XRP reaching double-digit price points beyond $10 would not be unusual in this market cycle.
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