- Raoul Pal says XRP is about to break out of its consolidation phase, following Ethereum’s lead.
- He points to a triangular price pattern that could trigger a major rally if XRP breaks upward.
- Global liquidity and Bitcoin’s rally are expected to fuel altcoin rotation, with XRP positioned to benefit.
Raoul Pal, CEO of Global Macro Investor, thinks XRP is gearing up for a breakout. He describes the crypto market as a kind of “waiting room,” where different assets step out into growth phases at different times. Ethereum has already made that move, Solana and Sui are showing signs they’ll follow, and now Pal believes it’s XRP’s turn. His argument leans on two things: capital rotation out of Bitcoin and a global liquidity wave that keeps fueling risk assets like crypto.
Ethereum Leads, XRP Ready to Follow
Ethereum has already surged nearly 70% since July, hitting new highs before pulling back slightly. Pal says ETH has clearly left the waiting room, and altcoins like Solana and Sui are next in line. XRP, which has been consolidating after a rally earlier this summer, looks to be forming a tight triangular pattern on the charts. In Pal’s view, this kind of setup has historically led to explosive breakouts, and XRP is now transitioning into that next stage.
The coin’s price dipped around 4% this month, but Pal points to long-term patterns dating back to 2014 that often resolved with major rallies. If XRP breaks above the current triangular structure, it could push into a new growth leg. Failure, however, might drag it back to the $1.7–$2 zone.
Bitcoin’s Surge Sparks Altcoin Rotation
Pal ties much of this to Bitcoin’s role in the cycle. Bitcoin tends to rally first as liquidity expands globally, then capital rotates into altcoins. With BTC hitting fresh all-time highs recently, he sees it as a trigger for a broader altcoin season — and XRP could be a main beneficiary.
He notes that liquidity trends are clear: major economies, from the U.S. to China to Europe, are rolling debt and keeping central bank spigots open. That liquidity, coupled with Wall Street’s growing comfort with crypto and some regulatory improvements, creates a supportive backdrop for altcoins.
Longer Cycle, More Room to Run
Pal’s bigger picture view is that the current bull market isn’t close to done. He thinks the cycle could stretch into 2026, as global liquidity stays loose while growth slows. For him, XRP and other altcoins aren’t just short-term plays but part of a broader wave being fueled by monetary conditions worldwide.
