Finance Expert Says XRP Has Built Up Massive Pressure for Mega Price Surge

Vandell Aljarrah, finance market commentator and co-founder of Black Swan Capitalist, argues that XRP has accumulated significant pressure over the past six years that could lead to a “mega” price growth.

Aljarrah shared this sentiment in a recent post on X, highlighting four other reasons supporting a bullish future for XRP.

Four Reasons XRP “Mega” Rally Incoming

The market pundit first emphasized that XRP has “extremely strong fundamentals,” likely referring to its market position and utility in facilitating fast and affordable payment transactions.

Companies like Ripple use XRP as a bridge asset for cross-border fund transfers, enabling cheap and rapid transactions. A year ago, Japanese financial firm SBI Remit began using XRP for intercontinental transactions involving four Asian countries. Similarly, Malaysian payment firm Tranglo utilizes XRP for real-time payment transactions.

Furthermore, Aljarrah pointed to “extremely strong technicals” as another key factor supporting his prediction of a mega rally in XRP’s price.

This refers to the prominent symmetrical triangle pattern visible in XRP’s candlestick formations since its last all-time high. Market analysts believe that a consolidation phase lasting nearly seven years could set the stage for explosive price growth. The belief is often backed by the previous historic surge to the all-time high after a similar protracted consolidation phase.

Thirdly, Aljarrah emphasized XRP’s perceived undervaluation, noting that its low price, resulting from being oversold, lays the groundwork for higher value.

Currently, XRP sells at $0.5695, down by over 18% over the last year. This asset has been trading below $1 for three years.

Aljarrah’s fourth point in support of a massive XRP rally is the prevalence of critics and naysayers who disseminate negative information about the asset. Ironically, the commentator believes that these individuals are actually beneficial to XRP’s prospects.

This suggests that the spread of FUD about XRP keeps the asset in the spotlight, potentially setting it up for significant price movement. By keeping XRP on the radar of investors and traders, these critics may inadvertently contribute to a future price surge.

XRP Army Reacts

Meanwhile, community members are not sharing Aljarrah’s level of optimism. One commenter who identifies as an XRP believer stated that they had seen numerous charts and predictions in the past few years claiming that XRP was “going to the moon,” but nothing had come to fruition.

Another commenter expressed skepticism, stating that it appears XRP is destined to move sideways forever as multiple year-long predictions have yet to materialize.

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