Waiting Room Phase Ending: XRP Poised for Takeoff
As money begins to shift away from Bitcoin, Raoul Pal, CEO of Global Macro Investor, thinks altcoins like XRP are poised to enter a new development phase. He compared the cryptocurrency market to a waiting room, where various assets are getting ready to launch at various points in time. According to him, Ethereum has already left the waiting room and reached its full port or expansion period. To put things in perspective, ETH has risen around 70% since July and just set a new all-time high before marginally backtracking.
XRP Price Action Mirrors Historic Cycles
The market expert then looked at XRP, which has lost 3.98% so far this month. He maintained that instead of waiting, XRP is currently fully porting into higher tiers. XRP’s latest price difficulties are noteworthy because they come after an amazing 35% surge in July 2025. Pal made these remarks as Bitcoin recently rose to a fresh all-time high of $124,000 before declining. As was common in past cycles, this retracement directed focus onto altcoins.
The market refers to this period as altcoin season because investors frequently search for opportunities in other tokens as capital shifts away from Bitcoin. Pal believes that XRP will benefit from this rotation. He provided a one-week-long XRP chart that shows price history going back to 2014. A recurrent cycle with extended periods of consolidation inside triangles and wedges that ultimately result in explosive breakouts is shown in the chart.
XRP Consolidates in Triangle Pattern
Since its late-2024 breakout, XRP has developed a smaller triangle pattern and is currently trading slightly around $3. For comparison, this tight structure resembles a pennant, which frequently denotes that the trend will continue. It would be confirmed that the breakout is still ongoing and that XRP is in fact moving into the “full port” stage, Pal said, if it were to surge above the top border. If the structure is not maintained, prices may return to the $1.7–$2 range that was the previous breakout zone.
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