“Since XRP has risen this week, bullish narratives have exploded,” cryptocurrency analysis firm Santiment wrote in a July 16 X post following several crypto commentators sharing bullish predictions about XRP on the social network.
“We could be about to witness one of the most significant rallies in cryptocurrency history,” crypto trader Crypto Michael wrote on X, pointing out a bullish pennant pattern forming on the seven-year XRP price chart, which It appears when the price falls within a triangle pattern after a strong upward movement.
“In all my years of trading cryptocurrencies, I have NEVER seen a 7-year bull pennant.”
Since January 1, XRP has traded between a high of $0.71 and a low of $0.41, a range of about 75%.
“XRP is going to a new all-time high this cycle, and there is nothing you can do about it,” added crypto commentator Amonyx.
