A recent analysis by prominent market watcher Daniel Liu (VirtualBacon) has identified a critical buy signal for XRP, potentially setting the stage for its next bullish surge. Despite XRP’s 37% retracement from its January peak, Liu argues this consolidation phase is healthy for the altcoin’s long-term growth.
Key Takeaways from the Analysis
- Current XRP Price Action: Sideways trend seen as part of a broader bullish pattern.
- Buy Signal: A further 22% correction against Bitcoin (XRP/BTC) or USD (XRP/USD) would place XRP in a "strong value range."
Scenarios for Retracement:
- Scenario 1: XRP drops to ~$1.85 if Bitcoin holds above $100K.
- Scenario 2: XRP consolidates while Bitcoin rallies 22% to a new ATH.
- Historical Support: XRP has rebounded seven times from its liquidity-packed demand zone since December 2024.
Bullish Targets for XRP
- Short-Term: $2 (key support level).
- Mid-Term: $6 (SMQKE’s Ethereum-dethroning prediction).
- Long-Term: $13–$22 (Egrag Crypto’s yearly chart analysis).
Why XRP’s Consolidation Matters
Liu compares XRP’s current phase to Solana and Ethereum’s mid-cycle consolidations, which preceded explosive rallies. He emphasizes patience, noting that high-caliber altcoins often retrace against Bitcoin before their next major upswing.
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FAQs About XRP’s Buy Signal
Q: When is the best time to buy XRP?
A: According to Liu, after a 22% retracement against Bitcoin or USD—likely at ~$1.85.
Q: What’s XRP’s potential peak this cycle?
A: Targets range from $6 (SMQKE) to $22 (Egrag Crypto), depending on market conditions.
Q: Is XRP’s current trend bearish?
A: No. The consolidation is viewed as healthy for its next rally.
Conclusion
While XRP’s near-term price action may test investor patience, the asset’s strong historical support and bullish targets make it a compelling watch. As Liu advises, strategic accumulation during retracements could position investors for significant gains.
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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct independent research before investing.
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### Notes
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