Crypto trader DonAlt recently referred to XRP and Dogecoin as the “retail coins of old.” This highlights a trend where traders are returning to familiar assets. On-chain data shows a significant increase in whale accumulation for Ripple’s XRP.
XRP has seen a big rally, jumping 22% on Friday alone. Over the past week, it has gained an impressive 57%. As the seventh-largest cryptocurrency in the world, XRP has outperformed both Bitcoin and Ethereum during this time.
Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend
XRP XRP/USD $0.8786 $50 billion 22.2% +58.9%
Bitcoin BTC/USD $88,310.05 $1.75 trillion -0.8% +15.9%
Ethereum ETH/USD $3,029.91 $364.9 billion -2% +3.4%
In a recent podcast, veteran trader DonAlt discussed XRP's current position. He noted that it is in a monthly breakout phase. He pointed out important resistance levels at $1.50 (double the current price) and $3.60 (quadruple). While he has some fundamental doubts about XRP, he sees it as a strong trading opportunity. DonAlt also expects traders from the 2017 era to come back, feeling comfortable trading XRP.
In a tweet, DonAlt emphasized that Dogecoin and XRP are the retail coins of the past. He shared his entry points for trading XRP. Another trader, Mikybull Crypto, predicts a major rally that could push XRP to new all-time highs by March 2025.
According to data from Santiment, wallets holding at least 1 million XRP now control a total of 45.61 billion tokens. This is the highest concentration since June 2018. Over the last two years, whales and sharks have accumulated an additional 3.44 billion XRP, reflecting an 8.16% increase.
Ripple's future will be discussed in detail at Benzinga’s upcoming Future of Digital Assets event on November 19.