Raoul Pal, co-founder of Real Vision and Global Macro Investor (GMI), has sounded a clarion call for two stalwarts of the crypto world—XRP and Dogecoin. As of August 2025, these altcoins are on the cusp of a significant market movement, according to Pal’s latest insights shared through a series of posts on social media.
The Crypto Waiting Room
In what he dubs “the Crypto Waiting Room,” Pal paints a vivid picture of a market poised for a fresh surge. The narrative is that the broader crypto market, excluding Bitcoin and Ethereum, is consolidating, waiting for the right moment to leap higher. Pal suggests that capital is largely “full ported” into Ethereum, with a potential shift towards assets like XRP and Dogecoin on the horizon. “DOGE – in the waiting room. Will full port when OTHERS does…” he notes, adding that XRP is also gearing up for a major move. This aligns with recent observations that large Dogecoin holders are still stacking during the market correction, indicating a strategic accumulation phase.
The metaphor of the “waiting room” serves as shorthand for a familiar cycle in the crypto market. Liquidity first pools into high-quality, institutionally favored assets before cascading down the risk ladder. This cyclical nature is not new but echoes past market behaviors. “People need to learn patience,” Pal advises, emphasizing that while the path is clear, perfection in timing is elusive.
Market Dynamics and Technical Structures
The argument Pal presents hinges on the macroeconomic backdrop, which he describes as “absurdly bullish.” With global liquidity from the US, EU, China, and Japan poised to expand due to debt rollovers, the stage is set for a potential bullish phase extending into Q1 or even Q2 of 2026. This liquidity is expected to create a favorable environment for altcoins like XRP and Dogecoin to thrive.
Technical charts of XRP and Dogecoin add weight to Pal’s narrative. For XRP, the post-spring rally has consolidated into a symmetrical triangle beneath its 2025 peak. Similarly, Dogecoin has transitioned from a prolonged falling channel into a narrowing wedge, indicating potential for upward momentum. While Pal doesn’t promise immediate breakouts, the technical setup aligns with pre-rotation conditions seen in previous cycles. This technical analysis is further supported by reports of XRP’s dramatic 32,474% surge in liquidation imbalance, showcasing its volatility and potential for explosive growth.
Pal’s reference to the cycle analogs of 2017 underscores a historical pattern without overemphasizing precision. The probabilistic approach of GMI suggests that the market remains in an expansionary phase, with improved breadth anticipated as altcoins clear their consolidation phases. “Buy the ticket, take the ride,” Pal concludes, leaving it to investors to decide their allocations.
The Road Ahead
As of now, XRP is trading at $2.84, a figure that underscores its potential for growth if Pal’s predictions hold true. However, the crypto market is notorious for its volatility and unpredictability. While the waiting room metaphor captures the current state of anticipation, the path forward is anything but guaranteed.
The implications of Pal’s insights are significant for investors eyeing altcoins. With the potential for a rotation of capital into assets like XRP and Dogecoin, the coming months could redefine market dynamics. Yet, as always in the world of crypto, the only certainty is uncertainty, and the prudent investor will weigh these insights against the inherent risks of the market.
Source
This article is based on: XRP And Dogecoin On The Edge Of ‘Full Port’ Breakout, Says Raoul Pal
Further Reading
Deepen your understanding with these related articles:
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- Bitcoin, Ether ETF Flows Hint at Incoming Altcoin Bull Run: Crypto Daybook Americas
- Ether, Dogecoin, Bitcoin Plunge Sees $900M in Bullish Bets Liquidated
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
