Raoul Pal’s “Full Porting” Call on XRP Met With Stark Expert Warning

• Raoul Pal signals a high-conviction “full porting” trade on XRP based on a bullish chart pattern
• Legal expert Bill Morgan counters, arguing that fundamentals, not charts, ultimately drive XRP’s price
• A surge in CME futures past $1 billion shows institutional money is moving in ahead of the verdict

Two of the crypto market’s most-watched analysts are in open disagreement over XRP’s next move, pitting a powerful technical chart against sober fundamental analysis.

Macro investor Raoul Pal issued a bold prediction based on a massive bullish pattern, while veteran legal expert Bill Morgan warns that for XRP, the real story has always been driven by factors beyond the charts.

Raoul Pal’s Bull Case: Decoding the Chart

Pal’s bullishness stems from a “macro long-term ascending triangle” on XRP’s chart.

This classic technical pattern signals that a powerful upward breakout is building after a long consolidation. His reason for the sudden conviction is that this pattern now appears to be reaching its apex. His use of the term “full porting” is his signal of a high-conviction belief that a massive rally is about to begin.

While his chart analysis doesn’t target a specific number, the pattern implies a significant move to new highs, a view supported by the chart for all altcoins outside of Ethereum showing a similar bullish setup.

Furthermore, the TOTAL3’s market cap, which excludes Ether and BTC, has also been approaching the apex of an ascending triangle, signaling imminent bullish breakout ahead.

The Counter-Take: Why Bill Morgan Urges Caution

Bill Morgan, however, expressed skepticism, arguing that technical analysis is not the sole driver of the XRP market. According to Morgan, technical analysis is not the sole driver in the XRP market, as Ripple’s fundamentals and external factors are always at play.

Morgan’s caution is underscored by current market conditions, with XRP’s price recently dropping over 3% to $2.86 amid broader uncertainty. He notes that a further selloff could lead to a retest of the critical $2.77 support level.

The Verdict: Can Institutional Money Settle the Debate?

The deciding factor may be the flow of institutional capital. The XRP market has captured significant Wall Street attention, with CME Group’s XRP futures market recently blasting past $1 billion in open interest, a clear sign of professional demand.

This palpable growth is fueling speculation that spot XRP ETFs could gain approval in the near future. This influx of institutional money, a topic detailed in how Wall Street Piles Into XRP: CME Futures Hit $1B, ETF Filings Stack Up, could provide the necessary fuel to validate Pal’s bullish chart and prove that the math for XRP to XRP to Repeat Its Past Bull Cycles is still sound.