Pundit Declares XRP Rally Just the Beginning After Shattering 7-Year Consolidation ⋆ ZyCrypto

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Pundit Declares XRP Rally Just the Beginning After Shattering 7-Year Consolidation ⋆ ZyCrypto

In a major milestone for the XRP community, the cryptocurrency has broken out of a seven-year symmetrical triangle pattern, igniting analysts‘ predictions of an unprecedented bull run. This breakout propelled XRP above $1.50 on Saturday, following a remarkable 30% surge since Friday’s market open.

Popular crypto analyst Egrag Crypto, who has been closely tracking XRP‘s price action, emphasized the significance of the “Genuine Wake-Up Line” breakthrough. The current price action is particularly noteworthy as it represents a decisive break from the consolidation pattern that has contained XRP’s price movement since 2017.

stated Egrag in a tweet, maintaining his steadfast position of not selling despite the impressive gains. The analyst has set ambitious targets of $5.5 to $7.5 in the medium term, suggesting the current surge represents just the first wave of a larger macro movement.

, he noted.

Further, while acknowledging the potential for short-term corrections, emphasizing that the breakthrough above the “Genuine Wake-Up Line” requires a three-day close above the resistance level to confirm the bullish trend, the pundit remained confident in XRPs long-term trajectory. he declared, urging his followers to “trust the process” as XRP enters what he described could be a transformative phase in its history.

Sharing a similar chart, analyst Armando Pantoja reinforced the bullish sentiment, identifying critical price levels at $1.33 and $1.88, with an ambitious price target range of $8-$30. Pantoja noted, drawing parallels to previous breakout patterns that resulted in significant price appreciation.

XRP‘s rally notably coincides with Thursday’s announcement following President-elect Trump‘s victory. Gensler’s departure is widely seen as a potential turning point in the long-standing SEC vs. Ripple case, which has historically weighed on XRPs price action.

Investors are optimistic that new leadership under Teresa Goody Guillén, a potential replacement for Gensler, could shift the SEC‘s approach. Guillén, who has recently emphasized the need to has fueled investor optimism. Potentially paving the way for regulatory clarity could be a boon for XRP’s price.

At press time, XRP was trading at $1.55, reflecting an 10.25% surge over the past 24 hours.