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Crypto Analyst Who Nailed XRP’s Massive 2024 Rally Believes It Might Be Time For “Round 2”
In a latest update, DonAlt, a crypto strategist who accurately predicted the massive XRP price surge in Q4 2024, has come out to say that Ripple-affiliated cryptocurrency may be on the verge of igniting another parabolic surge. According to his recent June 30 post on his platform, XRP could be setting up for “Round 2” of its meteoric rally.
It is worth noting that while other major cryptocurrencies like Bitcoin (BTC) are currently trading lower, XRP has been enjoying relatively modest gains. This development has led DonAlt to believe that the cryptocurrency may be getting ready to make a strong comeback.
The analyst’s prediction comes after Ripple CEO Brad Garlinghouse announced that his company was abandoning its cross-appeal against the SEC and expects the regulator to do the same. The resolution of this long-standing legal dispute could have a profound impact on XRP’s value, according to many industry observers.
In addition to these fundamental shifts, DonAlt points out that the XRP Ledger has successfully launched its EVM sidechain on mainnet, paving the way for Ethereum-based smart contracts and cross-chain DeFi applications. This breakthrough development could potentially set the stage for a move toward the $3 mark and beyond.
It is worth noting that XRP’s sentiment has reached an all-time high in recent times, fueled by the stalled settlement between Ripple and the Securities and Exchange Commission (SEC).
Source: zycrypto.com
