XRP has been attracting the attention of crypto market participants for a good two months now, as its price performance seems to be more and more outstanding compared to other digital assets.
In a recent episode, a prominent crypto influencer and trader known by the nickname "DonAlt" shared his view on the price chart of the seventh largest cryptocurrency. In a compelling post, the trader highlighted key levels for the XRP price, with one of them being the $0.60 zone.
According to DonAlt's comments, this is a major resistance that XRP has successfully overcome, which in turn is a bullish development. Furthermore, one can note the $0.947 and $1.562 levels, which could be the next price targets for the popular cryptocurrency. If XRP actually gets there, it could symbolize a 56.6% and 160% increase from the current level.
Wtf they doing over there pic.twitter.com/vsW5xMt5Mn
— DonAlt (@CryptoDonAlt) August 19, 2024
However, this is exactly what DonAlt's XRP price outlook suggests, and it seems that the trader himself does not believe it as he accompanied his post with a rather eloquent message.
Long time, no see
The last time the XRP price reached the $0.90s was more than a year ago, when the cryptocurrency was recognized as a nonsecurity. However, the price level above $1.50 was last seen on the XRP chart a long time ago - in April 2021.
If DonAlt's outlook comes true, it will be interesting to see what news will make XRP soar to these multi-year highs. As you can see, the final decision in SEC vs. Ripple did not do it, so maybe some more heavy artillery is needed.
