Analyst DonAlt calls the XRP daily chart one of the most interesting in crypto, and believes XRP could become one of the best performers in the market.
Notably, XRP has experienced significant price action recently, with its value rising from around $2.07 to nearly $2.25. This upward trajectory follows the broader trend in the crypto market.
XRP has increased by 8.1% in the past 24 hours and shows an 8.5% gain over the past seven days. Furthermore, in the last 14 days, XRP’s price has surged by 24.2%, suggesting the coin is part of a broader uptrend.
On the heels of this rally, analysts, including DonAlt, have shared predictions that indicate XRP could continue its strong performance in the coming months.
Analysis Points to Continued Potential
Analyst DonAlt recently shared a technical analysis of XRP’s price action, highlighting key support and resistance levels. According to the analyst, XRP appears to have one of the most interesting charts in crypto right now. His chart, covering the period from October 2024 to April 2025, outlines two crucial price areas.
For one, the range low at $2.00 represents a significant support level, which XRP has tested several times barely breaking. This level has proven to be resilient, with XRP bouncing back multiple times, including a notable surge from $2.05 to above $3.20 in January. However, the price failed to maintain that momentum.
On the other hand, the range high at $2.7265 serves as a resistance level that XRP has struggled to break or sustain since January. Despite testing this resistance thrice, XRP has not been able to sustain movements above this point.
After briefly breaking through the resistance in March, XRP found itself retreating, forming a new support level at $1.80. This pattern, which involved wiping out these support and resistance levels, could set the stage for future price movements.
DonAlt suggests that if the current market uptrend holds, XRP could outperform many altcoins in the market. However, he failed to present a specific price target. Despite persistently calling attention to XRP’s bullish tendencies throughout this year, the analyst has chosen not to give a target.
Rally to Two-Digit Levels?
Meanwhile, market watcher Fefe has also been tracking XRP’s performance, recently making predictions that align with its recent price behavior. In March, as bearish sentiment gripped the market, Fefe predicted a recovery for XRP, followed by a slump, and then another upward push.
His forecast included a recovery to a range between $2.2 and $2.4, a prediction that came to fruition as XRP saw consecutive gains after March 11.
Following this, Fefe predicted a drop to the $1.4 to $1.7 range, which also materialized with XRP hitting a low of $1.61 on April 7. With two of his three predictions now priced in, Fefe’s final forecast suggests that XRP could see a massive rally, potentially surpassing the $10 mark.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
