Top Trader Buys XRP for Short-Term Trade, Warns He’ll Exit Below Key Level
DonAlt, a well-known cryptocurrency trader, has initiated a new trade position in XRP, with plans to exit if the price drops below a specified green support line. He previously predicted XRP's significant rally in late 2024 and recently noted the resilience of XRP due to its strong user base. This development follows the listing of the first pure spot XRP ETF in the US. XRP, after reaching an all-time high of $3.65 in July 2025, has been in a downtrend with fluctuating prices, but now trades in a range of $2.20 to $2.60. If XRP holds above its green support line and breaks key resistance levels around $2.60, it could regain bullish momentum toward the $2.80 - $3.00 range.
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DonAlt's New Position in XRP
DonAlt, a pseudonymous cryptocurrency trader, has revealed that he has taken a fresh position in XRP. He announced this through a tweet, stating:
"Bought some of this for a trade. Very tight invalidation, below green I'll be out. See if the market still got it or not."
The trader has set a clear invalidation level: if XRP drops below the green line on the chart, he will exit his position.
DonAlt's Prediction Record and Insights
DonAlt has previously made a notable prediction about XRP's significant rally in the fourth quarter of 2024, a prediction that turned out to be true. Recently, he shared his perspective that XRP has been performing better than other coins, attributing this resilience to its robust user base. Additionally, this news follows the announcement of the first pure spot XRP ETF being officially listed in the US market, marking an important milestone for XRP.
XRP's Key Price Levels and Trends
In July 2025, XRP experienced a dramatic upward surge, reaching its current all-time high of $3.65. However, after hitting this peak, the price entered a downtrend, forming a series of lower highs and lower lows. In early October 2025, XRP encountered a significant price drop, represented by a massive red candlestick. This event, often referred to as a "flash crash", was followed by a swift recovery.
Current Price Action and Key Support Levels
After stabilizing post-crash, XRP is now trading within a tight range of $2.20 to $2.60. The price action is significant, as XRP is currently testing the $2.40 - $2.50 range. If the price successfully holds above the green line (marked by DonAlt), this could confirm the level as new support and potentially revive bullish momentum.
A sustained break above recent highs (around $2.60) and continued trading above the green support line could potentially push XRP closer to the previous trading range of $2.80 to $3.00.