A renowned crypto strategist, who is renowned for his precise predictions of Bitcoin and altcoins, has recently expressed his opinion on the potential for XRP to reach new all-time highs.
According to a social media post by the analyst known as DonAlt, XRP could surpass its current peak of $3.40 if it is able to conclude the weekly chart above $2.59, indicating a positive performance.
XRP is currently trading at $2.36, indicating a 1.5% increase in the past 24 hours. Additionally, DonAlt stated that he anticipates that XRP will rapidly achieve new all-time highs if it concludes the week in favorable territory. Nevertheless, he predicts that the current range will continue to consolidate if the price remains below $2.59.
Furthermore, the analyst addressed Bitcoin’s future prospects, positing that the BTC/gold ratio may increase in tandem with the rise in gold prices. This would likely result in investors viewing Bitcoin as a more dependable and secure store of value, particularly in comparison to gold.
He emphasized that the BTC/gold ratio should experience an increase in value, either as a result of a decrease in gold prices or a rise in Bitcoin, in view of the fluctuations in gold’s price.
DonAlt maintains that Bitcoin is maintaining its stability at critical support levels, despite the current market-wide negative sentiment. He also acknowledges that the situation could be more dire given the current state of social media platforms.
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