Expert Says Ignoring XRP This Bull Run Could Be One of the Biggest Mistakes, Cites Probable $1T Market Cap

A notable market commentator warns that failing to hold XRP during this bull run could be one of the biggest mistakes for any investor.In a post on X, "Crypto Vilian," a Cambridge graduate and market chartist, analyzed XRP's historical price chart. He drew parallels between its current market structure and the pattern from late 2017.The chart highlights a sequence of phases: a steep bearish decline, a recovery phase, and a consolidation period, followed by a significant breakout to the upside.During the 2017 rally, this breakout led to a brief consolidation before XRP's explosive move to an all-time high.According to the chart, XRP appears to be replicating this pattern over the past seven years. The token recently broke out of a prolonged bearish trend and entered a recovery and consolidation phase, culminating in a major breakout last month.Moreover, the current ranging pattern aligns with the historical trajectory, suggesting that XRP could be on the verge of another explosive movepotentially reaching new all-time highs akin to the 2017/2018 surge.

XRP chart by Crypto Vilian

Notably, Crypto Vilian's chart suggests that XRP could surpass a $1 trillion market cap in this cycle should the explosive surge occur. This would equate to a price above $17 for XRP.Not Holding XRP Could Be One of the Biggest MistakesThis observation has caught the attention of many in the crypto community. Xoom, a notable market commentator with 14.8K followers on X, remarked that failing to include XRP in one's portfolio during this bull run could be one of the biggest mistakes by an investor.XRP has been trading at a discount for the past few days amid the ongoing broader market downturn led by Bitcoin. At a market price of $2.20, XRP has shed approximately 9% of its value over the past week.Considering that it traded at a seven-year high of $2.90 precisely three weeks ago, the asset is currently trading at a 24% discount from this peak.Now, as market participants await a rebound from the multiple weeks of consolidation, analysts are calling attention to promising signs on XRP's chart, ones that preceded explosive price gains for the asset.Caution for XRP Holders Targeting to Sell at the TopWhile Crypto Vilian's chart presents a promising outlook, he has cautioned that reaching the trillion-dollar threshold will depend on Bitcoin's performance. Specifically, an upward trend could benefit altcoins, while a decline may negatively affect the outlook.He also clarified that his chart aims not to predict price targets but to illustrate price behavior. Regarding potential targets, he noted technical price levels between $8 and $13.In his view, if XRP breaks through that range, it could theoretically experience a 2x-3x increase, potentially reaching the technical target for the contracting triangle Elliott wave pattern. However, this would imply a nearly 100x gain from the lows of $0.30.Accordingly, Crypto Vilian emphasized that he hopes XRP holders are not waiting to sell at the exact top. He advocates taking profits at key targets along the way up. "After all, no one went broke taking profits early," he said.

Text source: The Crypto Basic

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