Analyst: XRP Bull Market Hasn’t Started Yet. When It Starts, It Will Be Fast and Violent

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Crypto enthusiast CryptoBull shared a strong view on the current state of XRP, stating that the digital asset’s bull market has not yet begun.

In his post, he wrote that the start of the bull run is imminent and emphasized that when it happens, it will be fast and violent. His outlook suggests that the current price action is still in a preparatory stage for a significant move upward.

Chart Analysis

The chart attached to his post highlights XRP/USD on the one-week timeframe. The chart shows XRP’s historical price behavior divided into bull and bear zones, with the asset currently positioned at the edge of the bear territory and nearing a transition into the bull region.

The setup mirrors a past movement where XRP broke out from a bear phase into a strong upward rally. The diagram points to the potential for a similar shift in the near term, indicating that XRP is close to completing the bear cycle and entering the bull phase once again.

Community Responses

Additional Chart Insights

The chart shared by TUBombAk47YU shows XRP breaking out of an eight-year trend, completing what is described as the “cup top level.” The chart also references an earlier breakout from a four-year trend in XRP’s past.

It highlights the significance of the current phase, noting that the green circle represents a period of nine months in which XRP has broken the eight-year trend, retested, and is continuing forward.

Projections on the chart display Fibonacci extension levels, with targets at approximately $5.86, $18.22, and $36.76. These levels suggest the possibility of major long-term price appreciation if the breakout structure continues as anticipated.

CryptoBull’s post and the supporting chart from another community member emphasize the view that XRP is on the verge of entering a new bull market phase. The analysis ties together past breakout structures, macroeconomic conditions, and technical indicators to present a case for accelerated growth.

While CryptoBull did not provide explicit price targets, the shared community chart filled in those details, pointing toward a broad range of potential price levels.

Overall, the message delivered is that XRP’s most significant upward movement may still lie ahead, with its official bull market phase yet to begin.

Disclaimer*: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.*