XRP Rally Reloaded: Trader Hints at Second Surge

XRP is once again drawing attention as veteran trader Don Alt signals the potential for a renewed upward move. The well-known analyst, who correctly anticipated XRP’s substantial gains in 2024, is now suggesting that another bullish phase could be on the horizon for the popular altcoin.

This speculation follows a strong historical performance from XRP, particularly in the latter part of 2024. Don Alt, who commands a following of nearly 700,000 on the X platform, previously urged traders to take advantage of what he then described as a “perfect trade.” His successful call preceded a dramatic increase in XRP’s value during November of that year.

The previous XRP rally saw an impressive 282% surge, easily outpacing the general crypto market. Encouraged by this, Don Alt advised his followers again on November 13 to “long XRP,” reinforcing his confidence in the asset as an ideal trade setup. Over the next 20 days, XRP climbed even higher, ultimately peaking with a staggering 322% increase.

Nonetheless, like many rapid ascents, this rally was followed by a period of price stabilization. XRP consolidated and eventually reached a high of $0.40 on January 16, 2025, on the Bitstamp exchange. However, the momentum didn’t last indefinitely. The asset corrected sharply, falling by 52% and touching a low of $1.60 by April 7, 2025.

Fast forward to the present, XRP is showing signs of renewed strength. The token has recovered and is now valued at $2.31, registering a modest 5% increase in recent trading sessions. This positive momentum adds weight to Don Alt’s belief that a “Round 2” is on the table.

Several factors could support this next leg up for XRP. Among them is growing speculation around the potential greenlighting of spot exchange-traded funds (ETFs) centered around XRP. Such institutional financial instruments could significantly boost investor confidence and capital inflow into the asset.

In parallel, technological upgrades within the XRP ecosystem are reinforcing bullish sentiment. The XRP Ledger has advanced to support full compatibility with the Ethereum Virtual Machine (EVM). This development positions XRP for broader use cases and potentially increased adoption within decentralized finance and smart contract ecosystems.

Collectively, these bullish fundamentals—coupled with Don Alt’s track record—are reigniting optimism among investors and traders alike. XRP appears poised at a critical juncture where both market sentiment and ongoing ecosystem innovation may intersect to fuel another breakout.

Related: Expert Advice: Sell XRP If You’re Confused

For those tracking XRP’s trajectory closely, the setup resembles a familiar narrative: a strong performer returning for another major run, with both technical and macro indicators potentially aligning in its favor.