A crypto analyst known in the industry as DonAlt says if the crypto bull market continues, XRP is poised to outperform all other major cryptocurrencies.
In a new tweet, DonAlt joked about the meme that XRP could one day hit $589, telling his 88,000 followers that if altcoins continue to pop, the digital asset is well-positioned to reap the biggest gains.
Looks like we're getting $589 after all.
In all seriousness, this looks pretty good.
If we're truly going to get an alt season and this breaks out it'll outperform most if not all other majors.
I used the dip today to get a bag with spare BTC I had lying around. pic.twitter.com/LqqYaOx9W4
— DonAlt (@CryptoDonAlt) April 2, 2019
XRP was one of the top performers in the last crypto bull run, but is currently the lowest-performing crypto in the top 10, down 12% for the first quarter of 2019.
During the last bull run, the digital asset recorded a staggering 68,782% increase from its price of $0.005415 on March 1, 2017 to its height of $3.73 on January 4, 2018, according to CoinMarketCap. But in a sign of just how volatile and risky the crypto market is, XRP dropped 93% as the bear market took over, hitting a low of $0.25668 on September 12, 2018.
Right now, the market is in the green, with XRP up 6.92% at $0.3653. Bitcoin is up 7.99% at $5,099, and Ethereum is up 10.53% at $173.23.
Technical analysts are looking for Bitcoin to hold above $5,000 as Ethereum and XRP bulls fight for further gains.
Live Bitcoin News – BTC zooms above $5K to start uptrend
Blockonomi – More gains as price breaches $170
NewsBTC – Bulls now targeting $200 or higher
FXStreet – Bull trap as gains chopping commences
Coinspeaker – XRP/USD expected to reach $0.38 price level