An analyst who caught the 2023 crypto bull run early believes that payments altcoin XRP is ready for a new round of rallies.
Pseudonymous analyst DonAlt tells his 65,100 YouTube subscribers that he thinks XRP is one of the strongest coins in the market alongside Bitcoin (BTC).
[adinserter block="1"]He also thinks that XRP has spent sufficient time consolidating after surging to a high of $2.90 in December.
“I am a believer for now. I just look at this chart, [and] I just see strength on both the Bitcoin pair and the USD pair. Both of those look excellent.
Pretty much exactly what I wanted to see… Weeks ago, I was [predicting] a little bit of pullback, a little bit of time spent basically, and it just looks like it can have a second leg [up]. So far, I don’t see anything that would go against that.”
Zooming out, DonAlt thinks XRP may be ready to spark steep surges to continue its bullish ascent that started in November.
“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.”
The trader also shares a chart suggesting that resistance at $2.73 is the only obstacle left for XRP on the daily time frame.
“The XRP chart looks like this and you’re a non-believer?”
At time of writing, XRP is trading for $2.50.
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