Raoul Pal shared his updated expectations for Ethereum (ETH), Solana (SOL), and XRP.
Real Vision co-founder and CEO Raoul Pal, who previously focused on altcoins rather than Bitcoin, shared his current expectations for Ethereum (ETH), Solana (SOL), and XRP.
Accordingly, Raoul Pal said he believes that altcoins like XRP will enter a new growth phase as money begins to move out of Bitcoin.
Stating that he expects a major altcoin rally, the famous name said that altcoins are getting ready to exit the consolidation phase, which he calls the waiting room, and enter a strong upward period.
At this point, Raoul Pal first examined Ethereum and said that Ethereum had exited the consolidation phase and entered the growth or “full bullish” phase.
Secondly, the famous name who examined XRP stated that XRP is no longer waiting, it is in the process of exiting the consolidation phase and fully transitioning to higher levels.
Sharing a chart tracking XRP’s decade-long price history, Pal said XRP typically goes through several long-term correction periods, such as a descending wedge or descending triangle, before finally experiencing a major breakout.
At this point, Pal explained that a similar pattern to the past is likely to repeat this year.
Finally, Pal said that Solana will also exit the consolidation phase and Sui will follow Solana.
