Trader Don Alt, known for his successful predictions, is once again focusing on the cryptocurrency XRP, forecasting a possible increase in its price. This has sparked interest in the market, especially among traders.
Don Alt's Predictions
Don Alt, whose prior predictions on XRP last November preceded a 322% rally in under three weeks, hinted at a 'Round 2' in his recent remarks. He previously advised traders to take long positions, calling it 'the perfect trade,' which later proved accurate.
XRP Price Dynamics
After peaking in January at $0.40 on Bitstamp, XRP faced a significant pullback, dropping over 50%. Currently, the market price has recovered to around $2.31, up approximately 5% on the day.
Prospects and Technical Achievements
Traders are closely watching XRP as a potential wave of ETF approvals could provide fresh momentum. Additionally, the XRP Ledger has made technical strides by fully integrating EVM support, potentially opening doors to new developer engagement and use cases.
The renewed interest in XRP, spurred by Don Alt's predictions, may signal another rise. Given the expected market developments, users should observe the situation closely.
