One analyst who caught the cryptocurrency’s 2023 bull run early believes that altcoin payments XRP are ready for a new round of rally.
The analyst who goes by the pseudonym DonAlt tells his 65,100 YouTube subscribers that he believes XRP is one of the strongest coins on the market alongside Bitcoin (BTC).
He also believes that XRP has spent enough time consolidating after rising to a high of $2.90 in December.
“I’m a believer right now. I’m just looking at this chart, [and] I see strength in both BTC and USD. They both look excellent.
Exactly what I wanted to see… weeks ago, I was [predicting] A little backtracking, a little time spent basically, and it looks like it could have a second leg [up]. “So far I don’t see anything that contradicts that.”
Zooming out, DonAlt believes XRP may be ready for this spark Sharp rises to continue its bullish climb that began in November.
“Every time I start to doubt whether or not we will make it big in the cryptocurrency space, I look at the XRP chart and my doubts disappear… It looks like XRP will continue into the second round.
The trader also shares the chart suggestion This resistance at $2.73 is the only remaining hurdle for XRP on the daily time frame.
“XRP chart looks like this and you are not a believer?”
At the time of writing, XRP is trading at $2.50.
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