XRP has been oscillating between profitable and a liability for a while now. However, analysis conducted by CrediBull has gained a spotlight for highlighting XRP as one of the most technically sound and bullish altcoins.
Per his status shared on X, he believes the token demonstrates a highly impulsive price structure. The reason catalyzing this impulsive behavior is based on the lows that the token saw in the recent past.
How Long Will the Waves of Success last?
Even though people have been optimistic about the movement, some believe that moving too early can lead to catastrophic outcomes where the token might sink below the prescribed low.
However, Credibull emphasized the fact that the recent price sideways action of XRP is not something to be concerned about. He clearly stated that the token is consolidating tightly near the $2 mark. Therefore, there are clear bullish indicators that can play a monumental role in the growth for the next few months.
He has assured that such price actions often lead to significant upward movements. Hence, the longer XRP remains in a compressed range, the higher the chance of a meteoric rise in its token price.
