XRP Price Could Surge 1200%, Says Analyst Who Predicted 2024 Rally

XRP may be gearing up for a massive price rally similar to its historic 2017 breakout, according to prominent crypto trader DonAlt, who has nearly 700,000 followers on X. The analyst, known for accurately calling XRP’s surge in late 2024, recently hinted that “Round 2” could be on the horizon.

In late 2017, XRP skyrocketed by over 1200%, reaching an all-time high of $3.40. The rally came after a period of sideways consolidation—a pattern DonAlt sees repeating in the current market cycle. XRP has recently broken out and is now undergoing what appears to be a similar consolidation phase, currently trading at around $2.60, based on CoinGecko data.

While technical patterns suggest the possibility of another parabolic move, analysts caution that the market landscape has significantly evolved since 2017. Regulatory developments, institutional interest, and macroeconomic conditions now play a larger role in shaping price action.

One potential catalyst for a major XRP rally is the anticipated approval of a spot XRP exchange-traded fund (ETF), which could unlock significant demand from institutional investors. Such a move would further legitimize the token and possibly ignite the next leg up in its price trajectory.

Although past performance doesn’t guarantee future results, DonAlt’s track record and the technical similarities to previous market behavior have sparked renewed optimism among XRP holders. Traders are now watching closely to see if XRP can retest its all-time high and initiate a new bull run.

As investor interest grows and momentum builds, XRP remains a token to watch in the coming months, especially with regulatory clarity and ETF developments on the horizon.