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Renowned cryptocurrency analyst DonAlt, who accurately predicted the 2023 crypto bull run, believes payments-focused altcoin XRP is gearing up for another surge. Addressing his 65,100 YouTube followers, DonAlt highlighted XRP’s robust market performance, ranking it alongside Bitcoin (BTC) as one of the strongest cryptocurrencies in circulation.
Reflecting on XRP’s journey, DonAlt emphasized its prolonged consolidation phase after reaching $2.90 in December. “I just see strength on both the Bitcoin pair and the USD pair. Both of those look excellent,” he noted. The analyst, who had earlier forecast a pullback for XRP, now believes the cryptocurrency is primed for a second leg up.
According to DonAlt, XRP’s technical indicators suggest potential for significant gains. The chart shows strong resilience and hints at the possibility of overcoming its next major resistance level at $2.73. At the time of writing, XRP is trading at $2.50, with the analyst expressing confidence in its upward momentum.
“Every time I start doubting whether we’re gonna get a blow-off top on crypto or not, I look at the XRP chart and my doubts vanish… XRP looks like it’s gonna go for round two,” DonAlt remarked. He sees XRP’s trajectory as a clear indicator of broader market optimism, highlighting the altcoin’s ability to maintain strength during consolidation periods.
The analyst’s bullish outlook comes at a time when XRP’s utility in global payments and its growing adoption among financial institutions continue to reinforce its fundamental value. With resistance at $2.73 identified as the final hurdle, DonAlt believes a breakout could ignite a steep rally, further solidifying XRP’s position in the crypto market.
As XRP inches closer to breaking resistance, market watchers and investors are keeping a close eye on its price movements. Whether it can sustain its bullish momentum remains to be seen, but the signs suggest XRP is ready for another rally.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
