- XRP has recorded a 6% rally to a high of $0.6681 over the past 24 hours.
- An analyst hinted that XRP could see an astonishing surge in the next few days.
- The analyst cited historical trends, with the crypto market cap surpassing $2.4 trillion.
A prominent analyst in the XRP community, Blockchain Backer, has hinted that XRP could be seeing a shocking price rally in the next few days, mirroring historical trends. XRP has barely been a notable performer in the unfolding bull market, recording lower gains in the past seven days than its rivals.
Over the past 24 hours, XRP reached $0.6681 from a low of $0.6299, marking a 6% gain. However, this 6% gain has been eroded as the asset counters bearish resistance, bringing its price to around $0.64.
Amid this trend, pro-XRP YouTuber Blockchain Backer drew parallels with the current crypto market trends and those observed during the previous bull cycle to suggest XRP could become a notable performer soon.
In a recent post on X, Blockchain Backer pointed out that the entire crypto market cap was exceeding a $2.3 trillion valuation. He noted that many altcoins engineered bullish rallies when the crypto market encountered such a valuation in 2020.
He illustrated this point by highlighting XRP’s remarkable increase during that time. Specifically, Blockchain Backer noted that XRP surged from $0.3 to $0.79 within three days during that period, representing an explosive 163% growth.
Blockchain Backer’s post affirms the widely forecasted incoming altcoin market season, wherein top contenders like XRP are poised for significant impact. Essentially, the YouTuber’s observation suggests XRP holders may witness a comparable gain in the next few days should history repeat itself.
At press time, CoinMarketCap data shows that the crypto market has recorded an additional 3.94% gain in the last 24 hours, putting its valuation at over $2.49 trillion. While Bitcoin commands over $1.32 trillion of this market cap, pundits have argued that the altcoin market cap could reach $3.2 trillion this season.
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