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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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XRP to New All-Time High? Top Trader Issues Bullish Price Outlook Update
All eyes are on Bitcoin (BTC) nowadays as the leading cryptocurrency once again has risen like a phoenix and, following a 20% surge in recent weeks, gives breath to other digital assets. Gold is renewing an all-time high, Bitcoin is establishing itself as a safe-haven asset, and alternative cryptocurrencies are taking their chunk of this market revival.
This is perhaps the first time since November 2024 when the prices of cryptocurrencies started looking more attractive than ever during these five months of downside and sideways trading. XRP is in the center of attention too, of course.
The end of last year and the beginning of the new one was probably the most fruitful period for the altcoin with it skyrocketing 500% straight to a new all-time high at $3.4. Now, the situation with XRP is starting to look interesting again, according to a recent price outlook by an expert trader known better online as "DonAlt."
In his latest observation, DonAlt, who was in the XRP boat right before the pump from $0.5 started, declared that the asset is still one of the most interesting altcoin charts out there.
For now, XRP is chilling at a range low after having wiped out the lows before, says the trader. But if this market upswing driven by Bitcoin holds, he expects XRP to be among the best performers. The frame for the third biggest cryptocurrency is clear — support at $2, resistance at $2.7265.
Should bullish bias, which is currently prevailing on the market, hold XRP to break the resistance, the next aim will be a historical peak. A negative scenario is still there, though, and will activate if the price of asset breaks down the support, dipping further below $1.9.