Understanding Raoul Pal’s ‘Full Porting’ Framework
Prominent financial analyst Raoul Pal believes XRP is now entering a new phase he calls “full porting.” This is a key concept in his framework, which suggests that an asset has completed a long period of price compression and is now preparing to enter an expansion phase. In simple terms, it means XRP is ready to move out of its long sideways movement and start a strong new uptrend.
A History of Price Compression and Powerful Rallies
Raoul Pal’s analysis is based on XRP’s price history over the past decade. He points out that the token has gone through several long periods of consolidation, trading sideways within falling wedges or descending triangles. These periods of “compression” were consistently followed by powerful rallies, or “expansion” phases. The current setup, according to Pal, looks very similar to these earlier cycles that ended with major rallies.
The Current Setup Mirrors Past Bull Cycles
The current setup for XRP is an ascending triangle that has formed just below the long-elusive $3 mark. Pal’s framework shows that XRP has gone through four major structures. From 2014 to 2017, it traded in a descending triangle before a breakout. From 2018 to 2020, it repeated the pattern within a falling wedge. A third cycle from 2021 to 2023 ended with a breakout in 2023 and early 2024. The current pattern is the fourth, and it signals that another breakout could be coming soon.
The Long-Awaited Breakout
The concept of “full porting” implies that XRP could soon escape this structure and enter a new expansion phase, potentially mirroring its past surges. For example, in 2021, the token climbed from $0.20 to more than $2 once it broke out of a similar consolidation pattern. If the history of these cycles is a guide, the end of the current compression phase could give way to a significant new uptrend.
Navigating Regulatory Headwinds
XRP has been one of the most closely watched tokens in the crypto market, largely because of its long-running regulatory battle in the United States. Despite these challenges, its price structure has continued to form patterns that traders see as classic setups for eventual breakouts. This suggests that the market is viewing the asset based on its technical and historical patterns rather than being solely driven by regulatory uncertainty.
The Rhythm and Rhymes of the Market
Pal believes that the market works in a “rhythm and rhymes” rather than a precise, tick-for-tick movement. He stresses that while the patterns may not be exact copies of the past, the overall setup is consistent with pre-rotation conditions. This means that after capital has moved into top assets like Bitcoin and Ethereum, it will likely begin to rotate into assets like XRP.
Another Expansion Phase Years in the Making
Pal’s analysis suggests that XRP is approaching the end of its latest compression cycle. If his interpretation is correct, the process of “full porting” could soon lead to a new uptrend. For long-term XRP holders, this would mark the beginning of another expansion phase that has been years in the making, rewarding patience and conviction in the asset’s potential.
Read More: XRP Price Drops 3% Despite Gemini-Ripple Credit Card Partnership
