A crypto analyst who accurately predicted the 2023 market surge has indicated that XRP is poised for a new upswing. Analyst DonAlt emphasizes that XRP, alongside Bitcoin 
$96,648, ranks among the market’s strongest coins.
Analyst’s Insights
DonAlt believes that XRP has sufficiently completed its consolidation phase after climbing to $2.90 in December. According to him, the robust chart indicators currently position XRP as one of the best altcoins for investment.
Upon examining XRP’s charts, DonAlt noted strong signals in both Bitcoin and USD pairs. He interprets these signals as potential indicators for XRP to enter a second bullish phase.
“I believe it right now. Looking at this chart, I see strength in both Bitcoin and USD pairs. Both look excellent.” – DonAlt.
XRP’s Prospects
From a broader perspective, DonAlt forecasts that XRP may continue the bullish trend that began in November. He asserts that XRP is ready for a second wave.
“Whenever I start questioning whether there will be a blow-off top in crypto, I look at the XRP chart, and my doubts vanish… XRP looks ready for round two.”
The trader shared a chart indicating that only the $2.73 resistance level remains on the daily timeframe for XRP. Currently, XRP’s price is not far from the $2.50 resistance, and as this article is being prepared, BTC is recovering.
Technical analysis suggests that if XRP surpasses the stated resistance level, a significant price increase may follow. Furthermore, potential cryptocurrency regulations anticipated with Trump’s return could bolster prices. If XRP begins closing above $3, it would mark a significant milestone after years and likely refocus attention on the previously ambitious $5 target.
In conclusion, XRP’s current market position and technical indicators support analysts’ positive outlooks. It’s crucial for investors to conduct their own research and consider risks.
