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A prominent crypto analyst is forecasting that XRP could soon break into new all-time high territory, driven by bullish technical patterns and growing regulatory tailwinds.
Pseudonymous market analyst Pentoshi, known for accurate altcoin predictions, has told his over 870,000 followers on X (formerly Twitter) that XRP’s chart “looks disgustingly good”—both in its USD and BTC trading pairs. He expects XRP to enter price discovery within the next two weeks.
Analyst: XRP Set to Break Out Soon
Pentoshi believes that XRP has held up “very well for the past several months,” even amid a volatile altcoin market. In his view, the payment-focused digital asset is showing signs of a major rally that could take it beyond its previous all-time high of $3.84, set in January 2018.
“XRP looks disgustingly good even on the BTC pair,” said Pentoshi, highlighting its strength relative to Bitcoin. “This is probably going to do price discovery in the next two weeks, in my opinion.”
While the analyst suggests a brief consolidation may take place first, he sees XRP as one of the few altcoins with strong bullish momentum, supported by both technical setups and macro developments.
Regulatory Tailwinds Strengthen XRP’s Case
According to Pentoshi, XRP’s bullish momentum is being reinforced by recent developments around Ripple, the company closely associated with XRP.
Ripple is actively pursuing a banking license, a move that could significantly expand the adoption of XRP in cross-border payment networks. Additionally, the growing likelihood of stablecoin legislation in the U.S. could also serve as a tailwind for Ripple’s ecosystem.
“Also one with quite a few tailwinds,” Pentoshi noted, suggesting that XRP is well-positioned to benefit from the evolving crypto regulatory landscape.
Ripple’s legal clarity, following its partial victory over the U.S. Securities and Exchange Commission (SEC) in 2023, has already set XRP apart from other altcoins. The potential for new institutional partnerships and financial licensing adds further fuel to the token’s long-term outlook.
Altcoin Market Rotation Underway
In addition to XRP’s bullish setup, Pentoshi believes the broader altcoin market is poised for a rotation. He notes that large-cap tokens have already seen strong performance recently, and attention may soon shift toward mid-cap altcoins, which have market capitalizations between $1 billion and $10 billion.
“Mostly been in large caps. So far, they’ve done very, very well,” he said. “Will probably look out for a few mid-caps this week.”
This capital rotation could provide momentum not just for XRP but for other undervalued digital assets as well. With Bitcoin recently breaking $120,000, many traders are now reallocating gains into altcoins in search of higher returns.
XRP Price Outlook: Poised for Price Discovery
As of July 13, XRP is trading near $0.94, up over 24% year-to-date, according to CoinGecko. While the price remains far below its all-time high, the technical chart shows a long-term accumulation pattern that may soon resolve in a breakout.
Historically, XRP has exhibited explosive price movements following long periods of consolidation. Its last major rally in 2021 took it from under $0.30 to over $1.90 within a matter of months.
Now, analysts like Pentoshi believe similar dynamics could play out, particularly as altcoin season gains strength and institutional interest in compliant digital assets rises.
XRP vs BTC: Strength Signals Risk-On Sentiment
Notably, XRP’s performance against Bitcoin (BTC) is also drawing attention. The XRP/BTC chart has remained stable during Bitcoin’s surge to new highs above $120,000, indicating relative strength. This is often interpreted by technical traders as a signal of pending upside.
If XRP can outperform Bitcoin in the coming weeks, it would confirm Pentoshi’s thesis that the altcoin is set for price discovery and potentially new all-time highs.
Conclusion: XRP’s Bullish Setup Could Be Just the Beginning
With a combination of favorable technical indicators, upcoming regulatory milestones, and increasing investor attention, XRP is well-positioned for a breakout. Analysts like Pentoshi are increasingly confident that XRP will be among the best-performing altcoins in the coming weeks.
For traders and investors watching closely, the next two weeks could be critical for confirming whether XRP is ready to **surpass its 2021 and 201
