Analyst: XRP’s Long Consolidation Could Propel a Move to $11 (and Beyond)
Crypto influencer CryptoBull says XRP’s weekly structure mirrors prior cycles where long-ranging consolidation preceded sharp impulse moves. The analyst argues XRP has spent an unusually long time in accumulation since 2017, creating price compression that could fuel a large breakout once momentum returns. Based on the pattern, CryptoBull sets a near-term impulse target around $11 (roughly 6x from ~ $2), implying a market cap above $660 billion. He also suggested a potential final wave to about $70 if the historical pattern fully repeats, though that would require many years of accumulation (Changelly analysts estimate as late as 2034). Timelines are uncertain; CryptoBull estimates over a year of accumulation to reach $10+, and reaching $70 could take significantly longer. The piece emphasizes the structural pattern (long consolidation → explosive expansion) and notes this is speculative commentary, not financial advice.
Bullish
The article relays a technical, pattern-based bullish case for XRP: prolonged multi-year consolidation historically precedes strong impulse moves, and CryptoBull maps the current structure to past cycles. For traders this implies a higher reward scenario (targets of $11 and theoretically $70) but with significant time risk. Short-term implications: increased speculative interest and higher volatility around breakout attempts; traders may position for momentum breakouts, use call options, or scale into spot positions while managing risk if resistance holds. Long-term implications: if accumulation and macro conditions persist, structural compression can support larger market-cap expansion, but reaching extreme targets (e.g., $70) depends on sustained adoption and market-wide liquidity — historically such moves take years (e.g., previous XRP cycles in 2013–2018). The note of extended consolidation also raises the possibility of false breakouts; prudent traders should watch volume confirmation, higher-timeframe closes, and macro liquidity. Overall, the piece is bullish in sentiment but speculative — it can prompt positioning and increased trading activity but does not change fundamentals or regulatory risk that could negate the technical thesis.