Recent comments from renowned crypto analyst Cobb have sparked discussion about the long-term outlook for XRP. He pointed out that despite the focus on Bitcoin, XRP's macro structure holds significant growth potential.
Expert Opinion Overview
Cobb emphasized that market participants are missing the structure of XRP due to what he termed a 'tunnel vision' focused on Bitcoin. He believes this attention diverts from more significant setups in altcoins like XRP.
XRP Chart Structure
The XRP chart shows a pronounced upward movement followed by consolidation. This consolidation has formed a symmetrical triangle, supporting Cobb's interpretation of a potential breakout scenario.
Expectations for End of 2025
Cobb expects that the implications of this chart will start to materialize by the end of 2025. He predicts a 'face-melting' breakout, with experts forecasting the price could reach $10, aligning with classical analyses of symmetrical triangle patterns.
Despite the market's focus on Bitcoin and Ethereum, Cobb highlights that any breakout of XRP could catch many investors by surprise. This underscores the importance of monitoring current trends in the cryptocurrency market.
