The analyst suggests current consolidation, though slow, is building strong support layers crucial for future dramatic price surges, potentially reaching $10 or even $100. this long-term accumulation is seen as laying the groundwork for a significant market reset.
The article emphasizes a strict editorial policy, expert review, and high standards in reporting. while the content is an analyst's speculative opinion, the source's claims for accuracy and impartiality provide a strong basis for trusting the information presented.
The analyst is strongly bullish, viewing xrp's extended consolidation as essential for establishing robust support. the utility of the xrp ledger (xrpl), resolution of regulatory uncertainty with the sec, and expansion into cross-border payments, tokenized assets, and stablecoins are cited as key drivers for long-term growth.
The analysis explicitly focuses on 'long-term accumulation,' 'extended periods of consolidation,' and the need for 'several of these strong support layers to form over time' to achieve significant price targets, indicating a multi-year outlook.
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. A crypto analyst has made a bold statement about XRP’s current price behavior , arguing that the cryptocurrency’s slow movements are necessary to build strong support levels. The analyst highlights the importance of consolidation and long-term accumulation , suggesting that XRP’s support levels are laying the groundwork for a market reset and a significant price surge. The Mind-Blowing Truth About XRP On Wednesday, crypto market expert Diep Sanh took to X, announcing that he had a mind-blowing message to share with the crypto community. The analyst explained that XRP’s current price action is far more important than many investors realize. According to him, extended periods of consolidation , as XRP is currently experiencing, lay the foundation for major rallies. Related Reading Bitcoin Dead Cat Bounce: Analyst Reveals What To Expect As Price Recovers 16 hours ago Sanh emphasized that when XRP spends a significant time near the $2 mark , it gives investors the chance to accumulate at that price. He explained that this accumulation builds a powerful layer of support, which can help stabilize the market during future corrections. He also noted that once XRP climbs to a higher region and stays there long enough to form a higher low, a new wave of investors usually enters. This creates the next support base and sets the stage for a major upward move. Sanh hinted that XRP could reach dramatic price targets, such as $10 or even $100. However, it would require several of these strong support layers to form over time. Each layer represents greater confidence in the asset and more liquidity to sustain a stronger market. The analyst noted that investors or traders who are frustrated by XRP’s low price and recent downturn are missing the bigger picture. He highlighted that they do not understand how these gradual accumulation phases work or how they can contribute to long-term gains. XRP Remains One Of The Best Crypto Plays After Price Dip In a subsequent analysis, Sanh reaffirmed his confidence in XRP’s future outlook following the recent market downturn. He noted that XRP remains one of the strongest crypto plays despite its recent price crash . The analyst emphasized that the cryptocurrency continues to stand out due to the utility of the XRP Ledger (XRPL) , a blockchain network engineered for fast and efficient global payments. Related Reading XRP 100x Rally To $225: Why The Only Place To Go Is Up 19 hours ago Sanh noted that this unique design of XRPL gives it an advantage over many large-cap competitors. Moreover, with regulatory uncertainty largely resolved after the US Securities and Exchange Commission (SEC) dispute , the analyst highlights that XRP has already outperformed most top assets. Currently, XRP is trading at $2.2, experiencing a slight recovery despite recording weeks of choppy price action. Sanh disclosed that investors and traders tend to treat such corrections as strategic accumulation periods rather than signs of weakness. He argued that if XRP continues to expand in areas such as cross-border payments , tokenized asset markets, and stablecoin development , it would benefit its underlying structure. He added that these expanding sectors will also provide long-term support for the cryptocurrency’s growth potential. Altcoin’s price moves low | Source: XRPUSDT on Tradingview.com Featured image created with Dall.E, chart from Tradingview.com