Prominent financial analyst and Global Macro Investor CEO Raoul Pal has declared that XRP is entering a phase he calls "full porting," a technical process signaling the token may soon break out of its prolonged consolidation and initiate a strong new uptrend. Pal shared a decade-long chart illustrating XRP's historical price patterns, showing multiple extended periods where the cryptocurrency traded sideways within falling wedges or descending triangles before experiencing sharp upward breakouts.
Pal argues that the current setup closely mirrors two previous cycles that culminated in powerful rallies. His "full porting" framework describes an asset completing years of price compression (characterized by narrowing ranges and declining volatility) and preparing to transition into an expansion phase, often marked by parabolic price surges.
The analysis identifies four major structural patterns in XRP's history: a descending triangle from 2014-2017, a falling wedge from 2018-2020, another wedge against long-term support from 2021-2023, and the current ascending triangle formation just below the psychologically significant $3 level. Historical precedents show dramatic price increases following these patterns, such as XRP's surge from $0.20 to over $2 in 2021 after breaking consolidation.
At the time of reporting, XRP traded around $2.90, down 3.4% on the day and nearly 7% over the past week, continuing to face resistance at the $3 level that has proven difficult to reclaim since its 2021 rally. Despite recent price weakness and ongoing regulatory challenges related to Ripple, Pal believes XRP is approaching the end of its latest compression cycle and could soon enter a new expansion phase that has been years in the making.