Analyst Says This is the Hardest XRP Bull Run But “We Will Get Rich”
The post Analyst Says This is the Hardest XRP Bull Run But “We Will Get Rich” appeared on BitcoinEthereumNews.com. A prominent market analyst has suggested that XRP is currently witnessing its “hardest” bull run, insisting that it could make investors rich. The recent declaration comes on the back of the resilience XRP has shown above the $3 price mark. Specifically, after soaring to $3 in January 2025 for the first time in seven years, XRP relinquished the price level shortly after and continued to face resistance at the mark until mid-July. Since recovering $3 in July, XRP has flipped this area into support, and several analysts believe this is an extremely bullish sign. One such analyst is Steph, who has recently suggested that XRP could be witnessing its “hardest” bull market in history. – Advertisement – Notably, Steph leveraged data from the weekly XRP chart to provide this assertion, calling attention to a recent bullish breakout above a long-standing descending trendline. Interestingly, historical data indicates that whenever XRP breaks above this trendline, the resulting price action is typically explosive. XRP Historical Behavior Around Descending Trendlines The pattern has played out every year since 2022. Specifically, when XRP collapsed after the Terra implosion in May 2022, the resulting downtrend led to the formation of a descending trendline. However, by September 2022, XRP staged a breakout and eventually rallied to a high of $0.55. However, as it dropped from this $0.55 peak, another descending trendline formed until July 2023, when it broke out on the back of the favorable ruling in the SEC vs. Ripple case. This breakout led to a push toward a peak of $0.94. XRP 1W Chart | Steph is Crypto Meanwhile, following a slump from the $0.94 peak, XRP witnessed another descending trendline. Nonetheless, it staged a breakout following the U.S. elections in November 2024 and eventually reached a new high of $3.4 by January 2025. XRP…
The post Analyst Says This is the Hardest XRP Bull Run But “We Will Get Rich” appeared on BitcoinEthereumNews.com.
A prominent market analyst has suggested that XRP is currently witnessing its “hardest” bull run, insisting that it could make investors rich. The recent declaration comes on the back of the resilience XRP has shown above the $3 price mark. Specifically, after soaring to $3 in January 2025 for the first time in seven years, XRP relinquished the price level shortly after and continued to face resistance at the mark until mid-July. Since recovering $3 in July, XRP has flipped this area into support, and several analysts believe this is an extremely bullish sign. One such analyst is Steph, who has recently suggested that XRP could be witnessing its “hardest” bull market in history. – Advertisement – Notably, Steph leveraged data from the weekly XRP chart to provide this assertion, calling attention to a recent bullish breakout above a long-standing descending trendline. Interestingly, historical data indicates that whenever XRP breaks above this trendline, the resulting price action is typically explosive. XRP Historical Behavior Around Descending Trendlines The pattern has played out every year since 2022. Specifically, when XRP collapsed after the Terra implosion in May 2022, the resulting downtrend led to the formation of a descending trendline. However, by September 2022, XRP staged a breakout and eventually rallied to a high of $0.55. However, as it dropped from this $0.55 peak, another descending trendline formed until July 2023, when it broke out on the back of the favorable ruling in the SEC vs. Ripple case. This breakout led to a push toward a peak of $0.94. XRP 1W Chart | Steph is Crypto Meanwhile, following a slump from the $0.94 peak, XRP witnessed another descending trendline. Nonetheless, it staged a breakout following the U.S. elections in November 2024 and eventually reached a new high of $3.4 by January 2025. XRP…
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