Top Analyst Reveals Massive Buy Signal for XRP Amid Market Consolidation

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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

Bullish Targets for XRP

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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