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DonAlt, one of the leading cryptocurrency traders, has predicted that the price of the XRP token could skyrocket to nearly $7.
Earlier, the trader correctly forecasted that the cryptocurrency would commence a major rally in July.
He recently noted that XRP had experienced the “best-looking” breakout attempt of the current range.
The pseudonymous chartist, who boasts more than 670,000 followers on the X social media network, also famously called the enormous Q4 rally that the token saw last year.
The Ripple-linked token soared to an intraday high of $2.97 earlier today on the Binance exchange, reaching its highest level since March 2. The token added a whopping 16% within a single day, substantially outperforming other tokens.
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However, it has since pared some of its extremely impressive gains, currently trading at $2.81.
Still, it remains in third place by market cap after recently surpassing Tether (USDT) once again. The two tokens are currently valued at $166 billion and $159 billion, respectively, according to CoinGecko data.
Up only?
According to analytics platform Santiment, XRP’s recent price rally has been accompanied by a huge increase in network growth as well as a rise in retail interest across social media.
It remains to be seen whether the token will be able to surpass its current 2025 high of $3.39 that was logged on the Binance exchange on Jan. 16.
Trader Jonny Moe appears to be on the same page with DonAlt, noting that it has “insane potential.”
Earlier today, well-known commodity trader Peter Brandt opined that the XRP token would be in “up only” mode. However, he refrained from actually posting the target in order not to “feed” his trolls.
