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**XRP Price Breakout Confirmed, But Top Trader Flags Key Risk**
A crucial XRP price breakout has been confirmed, with a significant move above the $2.72 resistance level that had previously capped price action for over half a year. According to renowned trader DonAlt, this development is not without its risks.
In his latest update, DonAlt announced that he would be holding onto his position rather than trading it around, as the risk associated with XRP’s prolonged move above $3.60 has increased substantially. This warning comes in conjunction with the token’s current momentum, which could potentially lead to a test of the $3.84 mark from the last cycle.
Notably, this level is closely tied to DonAlt’s long-term target of $6.90, making it an essential milestone to keep an eye on. It appears that XRP is not only breaking out but also entering uncharted territory.
While many may be tempted to jump in and capitalize on the token’s recent gains, DonAlt urges caution due to the amplified risk of sharp reversals as XRP pushes further above its previous resistance level. In his tweet, he explicitly stated that “the higher we go, the higher the risk goes.”
In light of these developments, traders should exercise extreme care when considering entering or adjusting their positions within this highly volatile market environment.
Source: u.today
