Krutika Adani
XRP, which has been highly bullish recently, might see a rally of more than 100%, according to analyst Don Alt.
According to Don Alt’s analysis, XRP could rally only if it decisively breaks out of the $0.6 resistance. At press time, XRP traded at $0.6012.
The analyst predicts a first target of $0.947 and $1.562, which could yield a return on investment of 56% and 160%, respectively.
However, the analyst does not seem convinced of its further growth and advises users to sell XRP during pumps.
XRP's resistance is $0.72, above which it could exceed $1 within 2024.