A popular crypto analyst known as DonAlt on the social media platform Twitter has recently made some prediction regarding Ripple (XRP). According to DonAlt, the meme about XRP one day hitting the $589 mark is likely to become a reality if altcoins continue shooting like they currently are.
Ripple (XRP) on its Way to Become the Biggest Gainer
DonAlt further stressed that XRP is well-positioned to reap the biggest gains.
In his tweet he said:
$XRP Looks like we’re getting $589 after all. In all seriousness, this looks pretty good. If we’re truly going to get an alt season and this breaks out it’ll outperform most if not all other majors.
I used the dip today to get a bag with spare BTC I had lying around.
pic.twitter.com/LqqYaOx9W4— DonAlt (@CryptoDonAlt)April 2, 2019
XRP Performed Well During the Last Bull Run
If one is to take the last bull run into consideration, XRP was one of the top performing coins then, compared to now that is performing very low amongst the top 10 cryptos. In the last bull run, XRP saw a significant increase of 68,782%.
According to CoinMarketCap, the price of the coin jumped from $0.005415 on March 1, 2017, to its height of $3.73 on January 4, 2018.
Since then the value of XRP has dropped more than 93%. This intense bear market dropped the coin along with some other altcoin. Even bitcoin was not spared from the harsh reality of the crypto bear market.
In the past 72 hours, the crypto market has been in the green zone. In the past 12 hours, Ripple(XRP) for example is up 6.92% at $0.3653. Bitcoin is up 7.99% at $5,099, and Ethereum is up 10.53% at $173.23.
With several coins gaining in the double digits in this short period of time, the market capitalization has increased and the industry has shifted from a drab and gloomy mood to a more celebratory mood.