Peter Smith
XRP could be on the verge of a massive price explosion, with its recent 20% gains looking like "peanuts" compared to what's potentially coming, according to well-known crypto trader DonAlt.
XRP Finally Breaks Free From Its Price Floor
The Ripple-linked token has finally bounced off the bottom of its long-term trading range, where it's been stuck for ages. This upward move has got everyone talking – from regular traders to market experts – with many seeing it as a sign that XRP might finally be changing gears.
The token's been steadily climbing since late April, when it was trading much lower. Everyone's now watching with bated breath to see if XRP can keep up this momentum and smash through those stubborn resistance levels that have held it back for so long.
Top Trader Called XRP Chart "One of the Most Interesting" in the Alt Market
Back in late April, the popular crypto trader who goes by DonAlt pointed out that XRP had one of the most eye-catching chart patterns among all altcoins. This observation came right when XRP was scraping the bottom of its price range.
"What we're seeing with XRP's gains is just peanuts compared to what might be around the corner," DonAlt remarked. His words carry some serious weight in crypto circles, especially since he nailed his prediction about XRP's massive price jump in the last quarter of 2024.
XRP Up 20% Since That First Call-Out
Since DonAlt first highlighted XRP's potential, the crypto has shot up by about 20%. As I'm writing this, XRP is trading at $2.59, having jumped nearly 10% in just the last 24 hours.
This performance is basically a thumbs-up to DonAlt's initial take and has everyone wondering just how high it might go. The current uptrend seems to be picking up steam, with trading volumes swelling as more investors pile in.
Market watchers point out that this kind of steady climb after a long sideways period often means something bigger is brewing – not just a quick pump and dump. The way XRP is gradually moving up suggests real investors are buying in, not just traders playing hot potato.
Breaking $2.75 Could Send XRP Into Overdrive
According to DonAlt, if XRP manages to push past its current range ceiling, we could see a much more dramatic price surge. The trader has pinpointed $2.75 as the key level XRP needs to crack to confirm this bullish outlook.
Punching through this resistance could set off a chain reaction of buy orders and short squeezes, adding rocket fuel to XRP's price. Looking back at XRP's history, when it breaks out after long consolidation phases, the moves tend to be pretty spectacular.
DonAlt's reputation for getting these calls right is pretty solid – after all, he correctly predicted XRP's massive surge in late 2024. That track record makes his current analysis all the more compelling.
Crypto Whale Jumps on the XRP Bandwagon
Adding more fuel to XRP's fire, a major whale on the decentralized exchange HyperLiquid has just gone long on XRP. This move came right after the same big player banked some serious profits from their ETH long position.
These whales – the big-money players in crypto – can really move the needle when it comes to market sentiment and price action. This particular whale rotating their ETH profits into XRP might signal growing confidence in XRP's short-term outlook among the big fish.
Everyone keeps a close eye on what these whales are doing since they often make their moves before major market shifts. The timing of this position, right as XRP is showing technical strength, suggests that smart money might be betting on this rally continuing.
As XRP builds momentum, all eyes are on whether DonAlt's prediction will play out. If history repeats itself and XRP breaks above that crucial $2.75 resistance, we might actually be witnessing the beginning of something much bigger – not just another fleeting crypto rally.
Peter Smith
