Analyst DonAlt has shared his views that XRP prices might repeat the rally observed in 2017. His forecast is garnering attention among traders.
Growth Prediction for XRP
DonAlt believes that the current price patterns of XRP echo those that preceded its historical 1200% growth to its record high of $3.40. Currently, XRP is trading around $2.60 and shows steady momentum after its recent breakout.
Historical Context
Back in late 2017, XRP consolidated before making a dramatic market leap. DonAlt points out that a similar scenario may be forming now, despite cautioning that current conditions are different from 2017.
Future Prospects
The analyst also highlights the possibility of the SEC approving a spot XRP ETF, which could attract institutional investors and amplify demand for the token. DonAlt previously predicted XRP's surge in late 2024, adding credibility to his current outlook.
While optimism abounds, traders should remain mindful of the differences in macroeconomic conditions compared to 2017. XRP's future will hinge on market dynamics and potential ETF approvals.
