Renowned macro investor and Real Vision CEO Raoul Pal believes that XRP is preparing for further price appreciation, citing technical indicators that suggest the asset may soon break out of its current consolidation phase. His analysis, shared during a recent episode of the Rekt Vision podcast, highlights a bullish continuation pattern on XRP’s weekly chart. Technical Setup Suggests Upward Momentum According to Pal, XRP’s recent price movements align with the characteristics of a bull flag pattern, a technical structure often viewed as a sign of continued bullish momentum. This pattern typically consists of a sharp upward movement followed by a period of price consolidation. A breakout from this consolidation zone often signals the resumption of the previous uptrend. Pal identified that XRP entered this consolidation range following a significant rally between November 2024 and January 2025. During that period, XRP surged from $0.50 to a seven-year high of $3.40, marking a 580% increase. This dramatic rise formed the “flagpole” of the bull flag structure. However, after reaching its peak, XRP encountered resistance at the $3.40 level, triggering a correction that pulled the price below $2. Since then, the asset has gradually stabilized above the $2 threshold, trading in a narrow range for approximately four months. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Pal Highlights Bullish Outlook Despite Consolidation Despite XRP’s recent subdued performance, he remains optimistic. The investor noted that while XRP has registered lower highs in recent weeks, indicating that bearish forces still exert some control, the broader technical setup supports the possibility of a breakout. Although Pal disclosed that he is not currently holding XRP, he acknowledged the strength of the chart pattern, stating that it points to potential upside in the near term. He referred to the setup as noteworthy and expressed confidence that XRP will likely enter another upward phase. Notably, Pal’s stance marks a shift from his previous outlook on XRP. He had advised investors to seek alternative assets when XRP was struggling around the $0.50 level. However, following the substantial rally sparked by U.S. President Donald Trump’s election victory in November 2024, which fueled broader market optimism, Pal revised his position and adopted a more bullish view. Estimating the Breakout Target While Pal did not specify a precise price target, standard technical analysis offers a method to project potential outcomes. In bull flag formations, the projected breakout target is calculated by adding the length of the flagpole to the price at which the breakout occurs. Given that the initial rally covered a $2.90 increase, and assuming a breakout above the current resistance level of $2.60, the implied target would be approximately $5.50. With the token currently trading at $2.32, achieving this target would require a gain of about 138%. Pal’s assessment adds to growing expectations that the asset may soon resume its upward trajectory, provided it breaks above key resistance levels and maintains bullish momentum. 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 urged to do in-depth 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. Follow us on X , Facebook , Telegram , and Google News The post Here’s Why Real Vision CEO Says XRP Will Soon See Fresh Rally appeared first on Times Tabloid .
