The cryptocurrency market is always full of surprises, and one crypto strategist who has a track record of making accurate calls on Bitcoin (BTC) and altcoins believes that XRP is on the verge of hitting new all-time highs. DonAlt, a well-known analyst in the crypto space, recently shared his thoughts on XRP’s potential price action.
According to DonAlt, XRP has the potential to surge past $3.40 if one key condition is met – closing the weekly chart above $2.59. In a recent tweet to his followers, DonAlt expressed his optimism about XRP’s future, stating, “Close this weekly green and I’ll expect new ATHs in no time.” This bullish sentiment is based on the idea that a green weekly close could trigger a significant price rally for XRP.
At the time of writing, XRP is trading at $2.36, showing a 1.5% increase in the last 24 hours. The cryptocurrency community is eagerly watching to see if XRP can meet DonAlt’s prediction and reach new all-time highs in the near future.
In addition to his thoughts on XRP, DonAlt also shared insights on the BTC/gold ratio, suggesting that Bitcoin could serve as a “digital gold” asset for investors. As the price of gold continues to rise, the BTC/gold ratio may increase, highlighting Bitcoin’s potential as a store of value. With the BTC/gold ratio currently at 33, DonAlt believes that Bitcoin’s value relative to gold should be much higher, indicating a possible bullish trend for the leading cryptocurrency.
Despite the general market sentiment turning sour, DonAlt remains optimistic about Bitcoin’s future, noting that the cryptocurrency is holding key support levels. He emphasized that Bitcoin could be in a much worse position considering the negative sentiment prevailing on social media platforms.
Looking ahead, DonAlt believes that Bitcoin has the potential to reach new all-time highs if it can turn $101,303 into a support level on the daily chart. At the time of writing, Bitcoin is trading at $95,977, with the cryptocurrency community eagerly anticipating its next move.
In conclusion, the cryptocurrency market is full of exciting opportunities and potential price movements. With expert analysts like DonAlt sharing their insights and predictions, investors and traders have valuable information to guide their decision-making. As XRP, Bitcoin, and other cryptocurrencies continue to make headlines, it’s essential to stay informed and monitor the market closely for potential opportunities.