DonAlt, a pseudonymous crypto analyst and trader accustomed to making timely Bitcoin (BTC) and altcoins predictions, has recently stated that Ripple’s digital token XRP has one of the best-looking charts in the crypto market at the moment.
In a new strategy session, DonAlt showcased his readiness to scoop up XRP if the crypto market faces another sell-off. He said, “If I get a breakdown on Bitcoin, the one coin that I want to be buying is XRP.”
Read Also: Macro Expert Raoul Pal Says He’s Bullish on XRP, Hopes Ripple Wins to Boost XRP Price
According to the vastly followed analyst, he’s looking forward to seeing XRP trade around $0.38 or below again in order to buy more. However, he thinks there is a good chance that this will not happen considering XRP’s current bullish pattern and trend.
“I feel like, I’m just looking at this chart [and] this wants to go up.”
DonAlt further stated that his bullishness goes beyond the charts. He’s also positive that Ripple, the cross-border payment firm that oversees the distribution of XRP, will win the ongoing lawsuit with the United States Securities and Exchange Commission (SEC).
Read Also: Big Win For Ripple and XRP: Judge Torres Orders SEC to Release Hinman Emails
He believes any kind of bottom is good for XRP because once Ripple wins the case, the embattled digital asset will see a meteoric price surge.
“I still think they’re going to win the case so any kind of bottom in crypto I think will moon XRP hard. I know the Bitcoin pair (XRP/BTC) looks really good as well. It’s one of the best-looking charts in crypto right now.”
At the time of filing this report, XRP is trading at $0.5292, with a relatively 1% price upsurge in the last 24 hours and a 14% increase over the last 7 days, according to CoinMarketCap.
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