- Cobb remains bullish on XRP, citing multiple technical indicators and upcoming events as reasons for optimism.
- Former Bitfury CEO Brian Brooks argues XRP’s volatility is irrelevant, viewing it as a long-term investment.
In the middle of XRP’s uneventful price movement, which has struggled to breakout the $0.60 level, a popular OG investor, Cobb, expressed his reasons for remaining bullish on the Ripple coin.
Despite the problems in price action, Cobb is bullish about XRP’s future, citing a lot of important elements that point to a potential jump to an all-time high.
Literally everything is pointing to XRP blasting to ATH
>Monthly trendline resistance break
>XRP/BTC bottom bounce
>XRP.D bottom bounce
>7 year RSI trendline break
>Upcoming ETF
>Upcoming SEC case resolutionSelling XRP right now is retarded
— Cobb (@AlexCobb_) July 25, 2024
Cobb Asserts XRP is Primed for a Breakout Amid Key Technical Indicators and Upcoming Events
Cobb tweeted that “literally everything is pointing to XRP blasting at ATH.” He cited the recent breach of the monthly trendline resistance, a rebound from the XRP/BTC bottom, and the XRP dominance (XRP.D) bottom bounce as crucial technical signs indicating that XRP is prepared for a significant move.
Cobb also identified the seven-year RSI trendline break as a crucial element. He also noted the impending ETF and the anticipated outcome of the SEC lawsuit, both of which have sparked significant speculation and excitement in the XRP community. Cobb believes that these reasons will produce a strong bullish argument for XRP in the near future.
Cobb also made a bold comment, saying, “Selling XRP right now is retarded,” showing his strong belief that holding onto the coin is the best option despite present market conditions.
At the time of writing, XRP’s price is about $0.5968, down 0.88% over the last 24 hours, with the token consolidating over the last two weeks. This period of consolidation has left many investors and experts hoping for a breakout.
Recently, CNF noted that SEC approval for XRP might pave the door for a big breakout, with technical indicators indicating strong bullish sentiment. An analyst anticipated that the price of XRP would grow to $3 or higher in the next few months, adding to XRP holders confidence.
Former Bitfury CEO Brian Brooks, on the other hand, believes that XRP’s price volatility is as unimportant as Google’s early stock fluctuations, as we previously reported.
Brooks contends that cryptocurrencies should be considered as long-term investments in the decentralized financial system, highlighting the significance of patience and a long-term mindset when owning assets such as XRP.
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