Predicting the 2023 crypto rally, the analyst stated that XRP is ready for a new round of rise. Analyst DonAlt says XRP is Bitcoin $92,802.9 He stated that it is one of the most powerful coins on the market.
Analyst Comments
DonAlt stated that he thought XRP had sufficiently completed its consolidation process after climbing to $2.90 in December. According to the analyst, XRP’s strong chart indicators currently make it one of the best altcoins to invest in.
DonAlt stated that when he examined the XRP charts, he saw strong signals in Bitcoin and USD parities. He said that these signals are an indication that XRP may enter a second upward phase.
“I believe for now. When I look at this chart, I see strength in both Bitcoin and USD. “They both look perfect.” -DonAlt.
The Future of XRP
From a broad perspective, DonAlt predicts that XRP’s bull trend that started in November may continue. The analyst stated that XRP is ready for a second wave.
“Every time I start to doubt whether there will be a blow-off top on crypto, I look at the XRP chart and my doubts disappear… It looks like XRP is ready for a second round.”
The trader shared a chart showing that only resistance remains at $2.73 for XRP on the daily time frame. Currently, the XRP Coin price is not far from the $2.5 resistance and at the time of writing, BTC is recovering.
According to the technical analysis of XRP, it is predicted that the price may increase significantly if the specified resistance level is exceeded. Moreover, it is hoped that the crypto decrees that Trump is expected to issue when he takes office will support the price. If XRP Coin starts closing above $3, this will be a big turning point in years and will probably focus on the $5 target that was unconvincing last year.
In conclusion, XRP’s current market position and technical indicators support the positive views of analysts. It is important for investors to do their own research and consider the risks.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
