Rupert, the host of the AllInCrypto show, has renewed his bullish stance on XRP in the aftermath of the latest broader market crash.
The market analyst insists that XRP is still on track to reach his $19 target. According to Rupert, XRP’s structure still looks strong, and it could outperform gold twelvefold once the next rally begins.
XRP Slumps Amid Market Crash
His latest analysis comes on the back of the October 10 flash crash, which caused massive liquidations worth $19 billion across the entire crypto market, marking the biggest single-day wipeout in crypto history.
During the event, XRP fell sharply from $2.80 to $1.58 in less than an hour before rebounding to around $2.40. Notably, Rupert described the drop as one of the harshest one-hour moves this year, caused mainly by exchanges failing to handle sudden liquidity shocks.
XRP Still in a Strong Position
He noted that despite the chaos, XRP recovered quickly and ended up trading only about 10% lower than before the crash. According to him, this quick rebound showed that the market still has underlying strength.
Speaking further, Rupert referenced the latest CoinShares digital asset report, which indicated that XRP investment funds recorded an accumulation trend even after the crash. As recently reported by The Crypto Basic, XRP investment funds saw inflows worth $61.6 million last week.
Citing this bullish event, Rupert said institutional investors continue to load up on XRP ahead of what they expect to be a major breakout. He explained that while overleveraged traders suffered heavy losses, long-term investors used the dip to buy more tokens, confident in XRP’s long-term outlook.
According to the market analyst, XRP still trades within a rising channel that has held firm since late 2024. He believes this structure will eventually break to the upside, keeping his $19.27 target within reach. He based this projection on a wedge pattern that XRP broke out of last November, a setup similar to what occurred before the massive rally in 2017.
A Repeat of the 2017 Pattern
Rupert insisted that XRP’s current behavior mirrors the same 2017 pattern almost perfectly. Back then, XRP ran into its all-time high, corrected about 60 to 65%, and then skyrocketed into a new rally. He expects history to repeat, saying the recent pullback is only another shakeout before the next big move.
Rupert also said XRP’s technical outlook remains firmly bullish. He explained that the flash crash acted as a retest of the breakout level from the wedge pattern, and this confirmed that the market still holds strength.
He also noted that XRP appears to be forming a “cup and handle” pattern. Notably, this setup often leads to explosive rallies. If this plays out, he said XRP could go far beyond $19, possibly even approaching $100 in the long run.
Meanwhile, Rupert also analyzed XRP’s chart against gold. Interestingly, he expects the token to outperform the precious metal by roughly twelve times from its current levels. With XRP currently trading for 0.0006 against gold, a 12x rally would lead to a price of 0.007, which translates to a $30 value for XRP at gold’s current price of $4,178.
The analyst described the XRP/XAU chart as “very healthy,” saying it points to a massive move ahead, even with gold’s continued strength. To him, XRP now sits in an ideal position for aggressive accumulation before its next major rally.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
