A well-known market commentator warns that not holding XRP during this bull market could be one of the biggest mistakes for any investor.
In one post On X, “Crypto Vilian,” a Cambridge graduate and market chartist, analyzed XRP’s historical price chart. He drew parallels between the current market structure and the pattern from late 2017.
The chart shows a sequence of phases: a steep downward trend, a recovery phase and a consolidation phase, followed by a clear upward breakout.
During the 2017 rally, this breakout led to a brief consolidation before XRP exploded to an all-time high.
According to the chart, XRP appears to be repeating this pattern over the past seven years. The token recently broke out of a sustained downtrend and entered a recovery and consolidation phase, culminating in a major breakout last month.
Furthermore, the current fluctuation pattern is consistent with historical performance, suggesting that XRP could be on the verge of another explosive move – possibly reaching new all-time highs similar to the 2017/2018 surge.
Notably, Crypto Vilian’s chart suggests that XRP could surpass $1 trillion in market cap this cycle should an explosive rise occur. This would equate to a price of over $17 for XRP.
Not holding XRP could be one of the biggest mistakes
This observation has caught the attention of many in the crypto community. Xoom, a well-known market commentator with 14.8k followers on X, noticed that not adding XRP to their portfolio during this bull market could be one of the biggest mistakes an investor makes.
XRP has historically traded at a discount…
