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**XRP Price Breakout Confirmed, But Top Trader Flags Key Risk**
A recent tweet from renowned trader DonAlt has confirmed the breakout of XRP’s price action above $2.72, a level that had previously capped the price for over half a year. This significant move saw XRP trading above $3.60, its highest level in over two years.
According to DonAlt’s analysis, this breakout comes after a prolonged period of stagnation between approximately $2.05 and $2.72. He has emphasized that he will not overtrade the current setup and is sticking to his plan, which targets $6.90 as a long-term goal.
However, despite the confirmed XRP price breakout, top trader DonAlt also flags key risk. He warns that while the upside target remains on the table, the higher it goes, the more vulnerable it becomes to sharp reversals. Consequently, he emphasizes the importance of patience and position sizing in this situation.
The recent move could be attributed to ongoing rumors surrounding XRP ETF and market indications signaling a change.
Source: u.today
