XRP, the digital asset linked to Ripple, has been on a strong upward trend recently—but according to one of the crypto market’s most closely followed analysts, this rally might be only the tip of the iceberg. Popular pseudonymous trader DonAlt believes XRP’s latest gains are “peanuts” compared to what could be coming next. His bullish outlook is based on technical chart patterns and historical price behavior that suggest XRP may be gearing up for a much larger breakout.

In late April, DonAlt noted that XRP had one of the most promising charts in the altcoin space. At that time, the token was hovering near the bottom of a long-established price range, showing signs of strong accumulation. Since then, XRP has surged by over 20%, validating his initial analysis. However, the trader insists that this move is just the beginning, hinting that XRP is still in the early stages of a potentially explosive price trend.

Currently trading at around $2.59, XRP has seen nearly a 10% increase over the past 24 hours. The surge comes as it nears a critical resistance level at $2.75. According to DonAlt, if XRP can break through this resistance and close convincingly above the range high, it could trigger a much stronger upward move—possibly propelling the token to new multi-year highs.

What’s especially compelling is that this isn’t the first time DonAlt has called an XRP rally. In the fourth quarter of 2024, the trader accurately predicted the massive upswing in XRP’s price, earning him further credibility among crypto enthusiasts. His latest analysis, therefore, has caught the attention of both retail and institutional investors watching the market for breakout opportunities.

Adding to the bullish sentiment is activity from large holders—commonly known as crypto whales. As reported by U.Today, a massive whale on the decentralized trading platform HyperLiquid recently went long on XRP. This same investor had previously secured major profits by betting correctly on Ethereum’s upward trend. Their renewed confidence in XRP has fueled speculation that larger market players are quietly positioning themselves for another big leg up.

For months, XRP had been trading sideways within a tight range, causing frustration among some investors. But this kind of consolidation is often a precursor to a big move, especially when supported by strong fundamentals and increased volume. DonAlt’s belief that XRP is just starting to gain momentum could signal that this long period of stagnation is finally ending—and that XRP may be preparing for a dramatic breakout.

The psychological significance of the $3.00 mark is also in play. Reaching this level would place XRP firmly back in the spotlight and could spark renewed interest from investors who have been sitting on the sidelines. While it’s still below its all-time high of over $3.80 set in 2018, a break past $3 would represent a major technical and psychological victory for the XRP community.

Of course, the broader market context will play a role in how XRP performs in the coming weeks. Bitcoin and Ethereum remain the dominant forces in the crypto landscape, and their price movements tend to influence altcoins like XRP. However, with bullish momentum building and experienced traders signaling confidence, XRP appears to be in a strong position to outperform.

In the short term, the key level to watch remains $2.75. A decisive breakout above that resistance could validate DonAlt’s thesis and ignite a wave of buying from traders looking to ride the next big rally. For now, all eyes are on whether XRP can finally escape its range and enter a new phase of accelerated growth.