Former Goldman Sachs Manager Raoul Pal announced his new favorite after catching the ‘opportunity of a lifetime’ in Solana. The macro guru says he took a long position in this altcoin project. An analyst states that this token creates a ‘bull flag’.
Raoul Pal, who collected Solana from low, is long on XRP!
In a new interview with attorney John Deaton, Real Vision CEO Raoul Pal says he purchased the asset after the U.S. Securities and Exchange Commission (SEC) sued Ripple and claimed that XRP was an unregistered security. Makro Guru makes the following statement for the altcoin:
When you see something like this, you think, ‘Okay, now the price has dropped significantly. We know this is a real thing. Half the people are left out of the market. ‘This is the opportunity of a lifetime.’ you say. That’s when I bought it. I’ve been keeping it ever since.
Pal says he bought XRP for the same reason he bought leading altcoin Ethereum rival Solana. Real Vision CEO said, “The crisis has arrived. The price was absolutely smashing. However, I can see Blockchain being a vibrant community with real use cases going on. This is not ghost usage, this is actual usage. In this case, it’s time to put your capital to work. It’s that simple.” says.
Created the largest ‘bull flag’ in altcoin history
Abs, a leading market commentator and a member of the 3T Warrior Academy Research team, refers to XRP’s price movements on the monthly time frame, stating that the flag formation will likely lead to a significant bull run. Especially the data obtained from the 1-month chart confirms this claim. Recall that XRP benefited from the 2018 bull market to record an all-time high of $3.84 in January 2018, an increase of 127,900% from the $0.0030 witnessed in January 2017. However, the altcoin suffered a crash after reaching $3.84 in January 2018.
However, XRP’s performance since its decline from the January 2018 high of $3.84 has resulted in the formation of a bull flag on the monthly chart of the altcoin price. The flagpole is formed by the movement measured during the rally in 2017. The price movement from 2018 to this point constitutes the flag.
XRP Bull Flag. Source: AbsAbs says that due to duration, this flag is the largest bull flag created by any token. Its chart shows that the altcoin price is currently heading towards the top of the flag. It also hints that he wants to make a debut soon. In particular, a breakout combined with XRP’s recent regulatory clarity could result in a massive price increase. Abs prefers not to make any price predictions. However, it gives its viewers the opportunity to choose between four possible price scenarios. These are: less than $3.84, $3.85 to $8.80, $8.81 to $22.34, and more than $22.35. Interestingly, most respondents (about 36%) believe that the altcoin price will rise above $22.35.
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