Analyst: If XRP closes above $2.59 this week, it may soon hit a new high

Odaily News Cryptocurrency analyst DonAlt wrote on X that if XRP can close above $2.59 on the weekly chart, it may exceed the current high of $3.4, which indicates that XRP is performing well.
DonAlt further mentioned that if XRP closes higher this week, he expects it to set a new all-time high soon. However, if XRP stays below $2.59, he expects the price to continue consolidating within the current range.
In addition, the analyst discussed the outlook for Bitcoin, arguing that the BTC/gold ratio could rise as gold prices rise. This could lead investors to view Bitcoin as a safer and more reliable store of value, especially compared to gold. He stressed that given the trend in gold prices, the BTC/gold ratio should rise, either as gold prices fall or as Bitcoin rises. Despite the negative market sentiment, DonAlt believes that Bitcoin remains strong at key support levels.