Top Analyst Say Haters Will Hate, But XRP Bull Run Is On The Way

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As a seasoned crypto investor with a decade-long journey through the digital asset landscape, I find myself intrigued by the bullish sentiment surrounding XRP. I’ve seen my fair share of market fluctuations, and I must admit that the analysis provided by Tony Edward and CrediBULL Crypto has caught my attention. The “mother of all bull flags” on the XRP chart is a pattern I haven’t encountered before, especially considering its duration.

As a crypto enthusiast, I’ve chosen to stand firm against the critiques leveled at XRP. I remain optimistic and predict that this cryptocurrency will soon experience an exhilarating parabolic surge. On my YouTube channel, I’ve shared valuable insights about how high we might expect XRP to climb once its bull run commences.

Analyst Is Certain XRP Bull Run Is Imminent Amid Criticisms

Tony Edward expressed in a recent post that while there may be critics, the data indicates a favorable trend for the coin. This sentiment aligns with an analysis by crypto analyst CrediBULL Crypto, who forecasted a bullish prediction for XRP‘s price. According to CrediBULL Crypto, a seven-year-long compression pattern on larger timeframes is expected to conclude shortly.

Top Analyst Say Haters Will Hate, But XRP Bull Run Is On The Way

The analyst additionally emphasized a significant “bull flag” (often referred to as the ‘grandfather of all bull flags’), clearly visible on the XRP graph. He stated that such an exceptional bullish pattern isn’t found on any other cryptocurrency chart, given that most haven’t developed for seven years, unlike XRP. CrediBULL Crypto suggested that the XRP bull run would be historic, sparking awe among the ‘old guard’ when they finally take notice.

On the Thinking Crypto YouTube channel, Edward and CrediBULL Crypto analyzed the price of XRP in a video discussion. Notably, CrediBULL Crypto pointed out that no coin in its category has been as consistently consolidated as XRP. Yet, he suggested this could be positive, explaining “the longer the period of consolidation, the more significant the potential growth.

It’s worth noting that the analyst anticipates the crypto could potentially dip as low as $10 but surge significantly up to $30 when the XRP bull market starts. CrediBULL Crypto expressed their viewpoint that it would be illogical to wager on the coin declining, given Bitcoin‘s impending parabolic growth and the SEC Ripple lawsuit seemingly resolved.

It seems that certain market experts express reservations towards XRP, as evident by Grayscale’s decision to exclude it from their top 20 crypto picks for Q4. Instead, they added coins such as SUI, TAO, and CELO to their portfolio, which have smaller market caps compared to XRP at the moment.

The SEC Ripple Lawsuit Could Be The Determining Factor

In this current market cycle, whether or not the XRP price surge (bull run) occurs may be influenced significantly by the ongoing SEC lawsuit against Ripple. As CrediBULL Crypto points out, the coin’s value dipped noticeably following the commencement of the lawsuit in 2020, which might have played a role in XRP’s failure to reach a new record high during the 2021 bull run.

The U.S. Securities and Exchange Commission (SEC) has until October 7 to decide whether they will challenge Judge Torres’ decision regarding programmatic sales from the recent lawsuit. According to CoinGape, a legal expert who previously worked for the SEC anticipates that the Commission may choose to appeal the ruling, as it is not considered “good law.

Therefore, XRP news like the SEC’s appeal would negatively impact the coin’s price. The crypto looks to be awaiting the October 7 deadline, seeing as it has made a slower price recovery than other coins following Bitcoin’s break above $65,000.

At the moment, the value of XRP is approximately $0.59 per token, and it has experienced a decrease over the past 24 hours. Over the last week, however, its price has increased by less than 1%.

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2024-09-28 11:36