Market expert Raoul Pal has commented on the possibility of an altcoin season using what he described as the ‘Crypto Waiting Room.’ He claimed that many altcoins are preparing for a parabolic rally, led by Ethereum, SOL, and XRP. 

Ethereum is Already On A “Full Port” While XRP Is In The Process

In an X post, Raoul Pal stated that Ethereum is already on a “full port,” indicating that the altcoin is poised for a parabolic rally. He also shared an ETH chart, which showed that it had already broken out of a long-term consolidation. The market expert also highlighted XRP as one of the altcoins set to witness a massive breakout, similar to ETH, stating it is in the process of “full porting.”

Pal shared an XRP chart, in which he pointed out the altcoin’s long-term consolidation at different periods before it recorded a massive rally to the upside. The latest of them was the move at the beginning of the year, when the altcoin reached its previous all-time high (ATH) at the time. 

Meanwhile, the market expert also identified other altcoins besides XRP that he expects to witness a significant rally, just like Ethereum. He noted that these coins are in the waiting room and are getting ready to launch. Pal dec

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Author: Scott Matherson