XRP Price Breakout Confirmed, But Top Trader Flags Key Risk

DonAlt, a trader known for spotting major reversals early, posted an update on July 18 showing XRP’s clean move above $2.72 – a level that had capped price action for over half a year. With the XRP price now over $3.60, he said he is sticking to his plan, which is pointing toward his long-term goal of $6.90.

The breakout comes after a long stretch of stagnation between about $2.05 and $2.72. That range has now broken with conviction, and the daily chart shows strong follow-through. For DonAlt, this was the setup he had been waiting for, and he is not planning to overtrade it.

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Though the upside target is still on the table, the message is not all green lights. The update also had a warning: as XRP goes up, so does the risk. The further the price stretches, the more vulnerable it becomes to sharp reversals. 

Now is not the time to jump in without thinking – patience and position sizing are more important than ever.

This kind of breakout does not happen often with large-cap tokens. With all the rumors about XRP ETF and the market showing signs of change, it seems like something big might be coming. But even a technically strong move needs to be treated with care once it gets this extended.

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Right now, XRP is trading above $3.60 – its highest level in over two years. The $3.84 mark from the last cycle is pretty close. If that happens, DonAlt’s $6.90 target could be met sooner than we thought. But there are risks involved, and those who join in later might find it is not as simple as it seems.