“This is the reason

Veteran Raoul Pal expects that XRP will notice another leg from its current location amid the continuous monotheism phase.

It is worth noting that the feelings of Pal are shared in the latest Podcast Rick Baise episodeBased on the bull science style that appeared on the weekly XRP scheme this year. Constant monotheism, which has maintained XRP around the two -dollar price sign, is an integral part of this bull mark.

The bull mark is a continuing pattern consisting of a flag’s mast, which represents the operation of the initial price of the original, and a science, which represents monotheism after the initial gathering. The collapse above science often leads to the resumption of the assembly.

XRP form a bull science

As for the context, the XRP bull science began in November 2024, when the original erupted after President Donald Trump’s victory in the American elections. CNBC certain That XRP was one of the largest beneficiaries of Follow Market climbing periods.

The assets increased by 580 % from $ 0.5 in November 2024 to the highest level in seven years of $ 3.4 by mid -January 2025. In particular, this exceptional operation led to the formation of the style mast.

However, XRP faced tremendous resistance at a peak of $ 3.4, which eventually paid prices to less than $ 2. However, regain XRP above Mark $ 2But the recent market dynamics led to a balance, with the presence of XRP stuck in unification during the past four months.

Raoul Pal expects another leg for XRP

The data from the PAL chart shows that the origin has since witnessed its highest level on the weekly graph, confirming that the bears have a slight feature. Nevertheless, the veteran in the market is sure that XRP will see a break.

Accordingly, I suggested that there Go to Be “another leg” for XRP from the current position. Pal admitted that although not participating in XRP, the XRP chart is “something to be seen”, indicating that the original is placed for an impressive height from here.

I remember that Pal was one day from the XRP critic, even Previous advice Investors to give up the original and move to something better. At that time, XRP remained stuck at $ 0.5. However, after the outbreak of November 2024, The climb turned backConstantly insist that the original can see another height.

The goal of a possible collapse

It is worth noting that the analyst has failed to provide any goal for the price, but the data from the plan gives some ideas about the potential goal of XRP. For the context, after the outbreak of the bull science, the goal is achieved by adding the length of the flag’s mast to the penetration price.

According to the graph, XRP can explode over the flag’s mast if it is closed decisively above the resistance level of $ 2.6 in the weekly time frame. With the length of the flag’s mast, from the November 2024 gathering, up to $ 2.9, and this translates into an outbreak The goal of 5.5 dollars. XRP is currently trading $ 2.31, which requires 138 % to $ 5.5.