Parabolic Bull Pump for Altcoin XRP Expected in Next Cycle

The cryptocurrency market has seen a decline in expectations for altcoin pumps following a significant $20 billion liquidation event. However, analysts continue to show optimism about the long-term potential of promising altcoins like XRP.

According to some analysts, a bear cycle cannot begin unless the previous bull cycle's altseason peak phase plays out first. This suggests that the next bull pump for altcoin XRP is expected to be parabolic and potentially take its price to new all-time highs.

A well-known crypto analyst has identified a 9-year ascending triangle on the monthly chart of XRP, predicting a retest of the macro support between $0.75 and $0.80 as a 'buy the dip' opportunity. If this support is broken, it could lead to historic price movements.