XRP Could Skyrocket by 1200%, Says Analyst Who Predicted Last Boom

DonAlt, a popular pseudonymous cryptocurrency trader, has suggested that the XRP token could potentially repeat its 2017 rally.  

XRP famously rallied by roughly 1200% during December and January 2017, reaching its long-lasting all-time high of $3.4.

Back then, Ripple-linked consolidated for a few months before a massive breakout to record highs. 

A similar consolidation is happening now after a recent breakout, according to the trader. 

If the fractal plays out, XRP may retest the previous all-time high and start yet another parabolic rally. 

As reported by U.Today, DonAlt accurately predicted XRP's enormous rally in the fourth quarter of 2024. Recently, he posted that it was time for "Round 2" on the X social media network. 

XRP is currently changing hands at $2.6, according to CoinGecko data. 

The likely approval of spot XRP will serve as the key bullish catalyst for the token's next parabolic rally if it takes place this year.