XRP Price Will Still Rally From Here, Crypto Veteran Raoul Pal Forecasts
Crypto veteran Raoul Pal has shared his thoughts on the XRP price, predicting it still has more room to rally to the upside. The altcoin is expected to hit a new all-time high (ATH) as it rallies higher. XRP Price Primed For Another Leg Higher In a YouTube video, Pal remarked that XRP’s chart is one to behold and that its price will likely get another leg higher at some point. His accompanying chart showed a bull flag that had formed for the altcoin since last year, after its parabolic rally to the $2 range. Its price is currently in the consolidation phase, with a breakout usually....
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Bitcoin has undergone yet another strong rally to the upside over the past day, reaching highs of $13,850. Analysts believe the coin will continue higher in the days and weeks ahead. Raoul Pal, for instance, said that BTC could hit new all-time highs by Q1 of 2021 “at the latest.” This optimism was echoed by Tyler Winklevoss, co-founder of Gemini. Bitcoin Will Pass $20k in Q1 2021, Analyst Says Bitcoin has undergone yet another strong […]
Crypto analyst Galaxy has drawn similarities between the current XRP price action and the 2017 bull run, when the altcoin recorded significant gains. He predicts the altcoin could soon rally to double digits, mirroring the 2017 rally. XRP Price To Rally To Double Digits As It Mirrors 2017 Rally In an X post, Galaxy indicated that the XRP price could rally to double digits as it mirrors the 2017 rally. He stated that XRP is almost perfectly following the breakout pattern of 2017 after 6 years of consolidation. The analyst added that the longer the consolidation, the bigger the price move.....
In an exclusive interview with Cointelegraph, macro investor Raoul Pal analyzes the macro factors that are keeping the crypto markets under pressure and the triggers that could spark the next Bitcoin rally. Macro investor Raoul Pal is convinced that the current crypto bear market will end only once the Fed eases its hawkish monetary policy by halting interest rate hikes. That could happen in the next couple of months, according to Pal's predictions. “The Fed are unlikely to raise rates as far and as fast as people expect. My guess is they probably stop raising rates sometime in the summer....
As Bitcoin price rises to new heights, top traders say the monthly and logarithmic chart signal that BTC is entering a new bull trend. Peter Brandt, a well-regarded veteran trader, recently emphasized the high demand from institutions as a key catalyst for Bitcoin's strong performance. BTC/USD 1-month chart. Source: TradingViewThe strong high time frame technical structure of BTC, especially the weekly chart, and the strengthening fundamentals are buoying the market sentiment. In a tweet, Brandt posted the above chart and said:“Bitcoin—IF the current gains hold through end of Oct—is poised....
Bitcoin and other cryptocurrencies in the market have seen the most prolonged bearish price movement since 2017 and 2018. According to data, the general crypto market has lost $2 trillion since the massive rally of 2021. But even with the occasional spikes these months, crypto prices fluctuate more towards the red lines. For instance, Bitcoin prices have continued to fluctuate. As of August 21, the price stands at $21,184.13 after losing 1.18% from its previous day’s value. The news from the US Federal Reserve about its intent on following a hawkish approach to fighting inflation....