XRP Breaks Into New Macro Trend After Seven Years of Consolidation, Bullish Price Run Ahead?

XRP breaks into new macro trend after seven years of consolidation.  Bullish price run lies ahead for the Ripple altcoin.  Can XRP hit a new ATH this year? The crypto market nears the final days of the month of July and the sentiment now seems to be tipping towards a bullish recovery phase. At the moment, the price of BTC needs to break above the $66,000 price range and hold the line to ensure a bullish outcome. Meanwhile, ETH and altcoins are showing demanding signs of their own. In particular, XRP breaks into new macro trend after seven years of consolidation. XRP Breaks Into New Macro Trend After Seven Years of Consolidation Several analysts are switching from a bearish to a bullish tune. One analyst even went so far as to sell all his short BTC trades and began to accumulate promising bullish assets, starting with Bitcoin (BTC), Ethereum (ETH), and Coinbase (COIN). Despite the strong display of faith in a switch soon, some analysts remain bearish, believing that one final price dump remains that can pull BTC down to $50,000. In detail, the expectations go like this, Bitcoin will recover up to $80,000 before falling to set a bear market bottom price, likely in the $54,000 price range. Similarly, the price of ETH is expected to rise to $2,200 and eventually fall to around the $1,300 price range. Likewise, the price of Ripple’s popular native token, XRP is expected to fall to $0.8 before rising to reclaim much higher bullish targets.  https://twitter.com/CasiTrades/status/2079685072442241420 Presently, expectations for a bullish explosive move for the price of XRP is high. As we can see from the post above, this is because XRP spent the last seven years consolidating become finally breaking into a new macro trend. This shows that the trend is not failing, but rather that the market is backtesting one of the biggest breakouts in XRP’s history. Indeed, a monumental move may be loading for the popular altcoin asset.   Bullish Price Run Could Lie Ahead for Ripple’s XRP Adding to the asset’s bullish fervour is another expert who marks how it was exactly one year ago today when XRP hit its cycle high of $3.66, a moment long term investors will never forget. Since then, the downtrend began and that bearish pressure has been tested repeatedly over the course of the year, but it was never decisively broken until now. https://twitter.com/josiahmarqus/status/2079580713914159421 With major countries around the world advancing pro-crypto legislation, the urgency for the U.S. to pass the CLARITY Act has never been greater. The timing couldn’t be more perfect as XRP is already quietly breaking free from yearlong downward pressure. This is undoubtedly a positive catalyst for the crypto community. From a technical standpoint, a clear inverse head and shoulders pattern is forming, pointing to bullish gains ahead for XRP holders.