Veteran Trader: "No Alt Season Without XRP"

▲ XRP

XRP has been identified as a key to triggering a full-fledged altcoin bull market. A veteran trader's diagnosis suggests that based on long-term chart patterns repeating past cycles, a true alt season cannot begin without a preceding massive rally in XRP.

The Crypto Basic reported on September 30 (local time), citing an analysis by veteran market trader Cryptollica, stating, "There is no alt season without XRP," and that XRP stands at the starting line of the altcoin market. Cryptollica shared the long-term XRP price trend since 2017 via X (formerly Twitter), emphasizing that alt season is no longer just a narrative but has entered a practical operational phase.

According to Cryptollica's analysis, XRP has historically undergone a four-stage structural price cycle. It is assessed to have completed tedious corrections and sideways trading periods, similar to past bull markets where explosive price surges occurred, and is now ready to enter the final fourth stage of explosive growth. As proven in previous cycles, when XRP's surge begins, liquidity across the virtual asset market fully shifts into the altcoin ecosystem.

In fact, XRP broke through a long-term downtrend line since August, solidifying its price bottom. Although it has recently undergone a narrow range correction around the $1.50 mark, the dominant diagnosis is that it is accumulating technical energy at the tail end of a large convergence on long-term charts. The market is closely watching the price reactions of major altcoins along with the direction of Bitcoin (BTC) dominance.

Experts believe that as the alt season index tests its highest levels of the year, the formation of significant momentum for XRP will be a turning point that stimulates overall market investor sentiment. It is observed that if a major bull market based on long-term cycle theory materializes, a massive liquidity rally could unfold, breaking through previous highs one after another.

XRP, which served as the fuse for past bull markets, is once again preparing to pull the trigger for a massive altcoin surge. Market attention is focused on whether the four-stage rally scenario indicated by the long-term chart will materialize and drive an explosive rally across the entire virtual asset market.

[Article Key Summary]

-Veteran trader Cryptollica emphasized that there is no alt season without XRP, foreshadowing a market shift.

-Based on long-term chart analysis since 2017, XRP is assessed to be entering a four-stage major bull market.

-XRP's surge is expected to be a key catalyst for spreading liquidity across the altcoin market.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*