For investors carefully observing the cryptocurrency market, it is a moment to once again pay attention to the possibility of 'XRP's second bull run'. Famous trader Don Alt, who accurately predicted a large-scale rally last year, recently mentioned the possibility of a new upward cycle for XRP through social media X.
Alt had previously recommended buying XRP in November last year, stating 'this is the best buying opportunity' when XRP showed signs of price rebound. Subsequently, XRP surged 322% in just 20 days, outperforming the overall cryptocurrency market. At the time, he had approximately 700,000 followers, and the industry highly evaluated the accuracy of his prediction.
After that, XRP rose to $0.40 on Bitstamp exchange on January 16, 2025, but soon entered a correction and dropped to $1.6 by April. However, it has recently shown an upward trend and is currently trading around $2.31, representing approximately a 5% rebound in a short period.
Market experts analyze that this upward movement is not just a technical rebound, but is driven by large favorable factors for XRP. Particularly, the potential spot ETF approval expected this summer and XRP Ledger's complete EVM compatibility are considered positive factors that could drive price increases.
XRP has long been subject to market interest and burden due to the legal dispute between Ripple and the US Securities and Exchange Commission. However, these risks seem to have been substantially resolved, and there is an atmosphere anticipating the potential re-entry of institutional investors. Don Alt's recent statement is drawing attention as it could be a signal in this regard.
It is still too early to definitively state whether XRP can stage another strong rally. However, given that this is a prediction from a trader who has already shown high accuracy, it is difficult to completely rule out the possibility that this 'Round 2' mention could be a signal indicating future trends. As the cryptocurrency market is finding its direction again, XRP's developments are drawing attention.
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