XRP, the token closely associated with Ripple, may be on the verge of a much larger price rally, according to renowned pseudonymous trader DonAlt. Recently, XRP bounced decisively off the bottom of a long-established price range. This upward movement signals a possible breakout from its previously stagnant performance.
In late April, DonAlt emphasized XRP’s technical setup, stating it held one of the most intriguing chart formations among major altcoins. His prediction came at a time when XRP hovered at the lower end of its trading range. Since then, XRP has surged by approximately 20%, confirming the early momentum he anticipated.
DonAlt Anticipates a Stronger Move if Resistance Breaks
Currently, XRP faces a crucial resistance level at $2.75. DonAlt believes that if the token successfully breaks above this barrier, it could unleash a significantly more powerful upward move. This sentiment aligns with his track record; notably, he accurately predicted the major XRP rally in the fourth quarter of 2024.
Related article: XRP Must Break $2.41 to Confirm Bullish Trend — Anything Below $2.15 Is Bearish, Says Analyst
At the time of writing, XRP trades at $2.59—up nearly 10% in the last 24 hours. The consistent buying pressure indicates that bullish sentiment continues to build among traders.
Whale Activity on HyperLiquid Signals Bullish Sentiment
Adding to the bullish outlook, a large whale recently went long on XRP through the decentralized trading platform HyperLiquid. This same trader previously secured substantial profits from a long position in Ethereum, suggesting they may now see XRP as the next high-upside opportunity.
Related article: XRP Gears Up to Retest All-Time High After Surging 50% From Strategic Entry
XRP’s recent price action has caught the attention of both seasoned analysts and major market participants.
With strong support levels now confirmed and a key resistance within reach, traders are closely watching whether XRP can break above $2.75. If it does, the real surge that DonAlt predicts might just be getting started.
