XRP has surged by 374.1% in the past year, outperforming Bitcoin and Ethereum, with a hopeful outlook for a significant breakout predicted by analyst DonAlt.
Analyst DonAlt suggests XRP's price structure resembles its 2017 setup, potentially leading to a substantial rally similar to the one experienced in 2017 when XRP surged by 35,168%.
XRP's price has shown strength, climbing from $2.17 to $2.29 in the first days of July, prompting increased interest from retail traders and Reddit users monitoring its growth.
The optimism surrounding XRP is further fueled by the possibility of a spot XRP ETF approval, supported by Grayscale's approval and Ripple's clarified regulatory stance, potentially leading to significant price movements.