DonAlt, a pseudonymous cryptocurrency trader, has taken a fresh position in XRP.
However, the chartist says that he will exit the position if XRP plunges below the green line
DonAlt, of course, famously predicted XRP’s enormous rally in the fourth quarter of 2024
Recently, he opined that XRP was holding up better than other coins due to its robust user base
This comes after the first pure spot XRP ETF officially received a listing notice in the US
Key level to watch
In July, the token experienced a substantial upward surge, pushing the price to its current all-time high of $3.65
Following the peak, the price entered a clear downtrend, consolidating and forming lower highs and lower lows.
XRP experienced a gigantic price drop in early October with a massive red candlestick, but it quickly recovered from that “flash crash.”
The price has now stabilized and is currently trading in a tight range, roughly between $2.20 and $2.60.
The current price action shows the price breaking above and then testing this level (around $2.40 - $2.50) from above.
If the price successfully holds above the green line, it confirms this level as new support. This could revive XRP’s bullish momentum
A sustained break above the recent highs (around $2.60) and continuation of trading above the green support line could push the token closer to the previous trading range ($2.80 - $3.00)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Holds Ground as Inflows Rise but Price Trails Highs
Key Insights:
XRP trades about 60% below its peak despite steady ETF inflows, reflecting a gap between improving fundamentals and current market valuation levels.
Institutional exposure through XRP ETFs reached 1.1 billion dollars, yet analysts say inflow scale remains too small to
CryptoFrontNews4h ago
Crypto Price Prediction For Today, April 3: Cardano (ADA), Bitcoin (BTC), XRP
Crypto markets moved into April with a cautious tone, and the latest price action across Cardano, Bitcoin, and XRP shows a similar pattern.
Prices are not collapsing, yet buyers have not shown enough strength to push markets back toward recent highs. That balance between weak demand and
CaptainAltcoin4h ago
Anti-XRP SWIFT Exec Calls It Quits - U.Today
Tom Zschach, SWIFT's chief innovation officer, resigns, citing a "trust gap" in financial tech that hinders AI and asset tokenization. He plans to work with scientists and entrepreneurs to address these issues.
UToday4h ago
A CEX’s trading volume over the past 24 hours reached $865 million, with XRP, BTC, and ONT leading the way in the top three positions
According to CoinGecko data, on April 3, a certain CEX had trading volume of $865 million; the top five tokens were XRP, BTC, ONT, USDT, and ETH, with XRP having the highest trading volume at 13.81%.
GateNews5h ago
XRP Price Prediction Turns Bearish: Analyst Calls for Drop to $0.87 After Relief Bounce
XRP just broke below a critical support level. The $1.31 floor that held for weeks gave way, and the selloff accelerated. One well‑known analyst says this is only the beginning of the next leg down.
CasiTrades, a respected chartist on X who regularly delivers deep technical analysis on XRP, laid
CaptainAltcoin5h ago
