XRP Set for All-Time Highs if Weekly Close Tops This Level, Says Crypto Analyst

A well-known crypto strategist, recognized for his accurate Bitcoin and altcoin predictions, has recently shared his thoughts on XRP's potential for new all-time highs.

In a post on social media, the analyst, who goes by the name DonAlt, stated that XRP could surpass its current high of $3.40 if it manages to close the weekly chart above $2.59, marking a positive performance.

At the time of writing, XRP is trading at $2.36, showing a 1.5% increase in the past 24 hours. DonAlt further mentioned that if XRP closes the week in the green, he expects the altcoin to reach new all-time highs quickly. However, if the price stays below $2.59, he anticipates continued consolidation within the current range.

In addition, the analyst discussed Bitcoin’s outlook, suggesting that the BTC/gold ratio could rise as gold prices increase. This would likely lead investors to view Bitcoin as a safer, more reliable store of value, especially compared to gold.

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He highlighted that, given gold’s price movements, the BTC/gold ratio should see higher values, either through a drop in gold prices or a surge in Bitcoin.

Despite a negative sentiment in the market, DonAlt believes Bitcoin is still holding strong at key support levels, noting that the situation could be worse considering the current mood on social media platforms.

Alexander Zdravkov