XRP Doesn’t Need to Repeat 100,000% Rally, but 100X or 200X Would Be Similarly Insane: Top Analyst

Prominent analyst “CrediBULL Crypto” has suggested that XRP does not need to repeat its historic 100,000% rally, but a 100X or 200X wave this time would similarly be monumental.

The analyst expressed this view during his recent appearance on The Aggressively Average Podcast. When asked about the potential timing for XRP to start breaking to the upside, considering its prolonged low prices, CrediBULL argued that XRP is close to something significant.

CrediBULL pointed out that the percentage gains from the run from 2015 to 2017 were almost 1,000x, or 100,000%, to the upside, which he considered insane. He emphasized that a repeat of this magnitude is unlikely. Yet, he acknowledged that a 100x or 200x gain would still be similarly “insane” for this bull market.

The analyst noted that while the percentage gain from the anticipated rally from the current consolidation might be less, it still opens the door for substantial gains.

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XRP Potential for This Season

The analyst elaborated that the entire period of price action from the 2018 highs until today can be viewed as a massive consolidation range. This consolidation has tightened volatility, reaching an apex and creating a very strong foundation. He stressed that consolidation precedes expansion; the longer the consolidation, the greater the expansion.

CrediBULL drew parallels to the 2017 expansion, which followed four years of consolidation. He explained that this consolidation period led to a massive run, with XRP gaining significantly.

Similarly, XRP has now experienced nearly seven years of consolidation, which he believes has shaken out weak hands and strengthened the position for a strong move upward.

With supposedly no weak hands left and everyone holding XRP in diamond hands, the analyst argued that XRP would witness an aggressive price movement once the breakout began.

CrediBULL recounted his own experience in 2017 when he entered the market at $0.22 and witnessed a swift 10x gain.

Regarding when the XRP move could commence, the analyst suggested that historically, the biggest moves tend to happen after Bitcoin tops.

While he expressed uncertainty, noting that the XRP move this time could be unpredictable, he argued that when the move comes, it will be violent. In particular, he stressed that this will leave little time for new investors to position themselves.

Essentially, the analyst warned that now is the time to enter the XRP market. He emphasized that the asset could engineer magical moves and that waiting too long might result in missing out on significant gains.

He believes that XRP attaining significant double-digit price points beyond $10 would not be something out of the ordinary in this cycle.

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