The famous trader known as the ‘Dogecoin millionaire’ has revealed their quiet accumulation of XRP since its $0.40 lows in 2022, fuelling speculation of an impending surge.
Their comments come amid a major week for the XRP price forecasts, most notably its label as a potential U.S. strategic reserve asset on Monday, pushing the front-running altcoin up 35%.
However, these tailwinds have been largely snubbed by wider economic concerns—such as Trump’s “tariff war” and NATO tensions—limiting the leading altcoin’s weekly gain to 15.80%.
Dogecoin Millionaire Claims XRP is ‘Worth the Wait’: What Do They Know?
In an X post, SlumDOGE—aka the “Dogecoin Millionaire”—touted his XRP, Cardano, and Dogecoin investments at 2022 rock-bottom prices, citing them to be “tried and true projects, worth the wait.”
These anticipations do come with merit. Since 2020, XRP has battled regulatory headwinds, but those pressures are fading as bullish fundamentals take center stage.
Under the Trump administration, XRP has been bolstered. Its potential role as a reserve asset along with the SEC acknowledgment of XRP ETF applications has set up catalysts for 2025.
However, X analyst MartyParty argues that XRP’s valuation has outpaced its actual utility.
They note that while XRP processes six times more transactions per second (7.84) than Cardano, it still lags 165x behind Solana.
Despite its massive $144.5 billion market cap, XRP’s network has yet to be tested at the scale required for high-volume trading.
XRP Price Analysis: Is a Pump Coming?
Despite these concerns, this week’s price action has triggered a potential breakout from a symmetrical triangle pattern forming since mid-January.
XRP / USDT 1D chart, symmetrical triangle breakout. Source: Binance.While Trump’s reserve announcement sparked a false breakout, the following days have seen it fully materialize.
The Relative Strength Index (RSI) has climbed back to neutral territory at 52, while the MACD line remains above the signal line—both indicators suggesting that bulls have regained control.
If the breakout holds, it sets a potential target of $3.85, marking a 50% gain from current levels.
However, it should be noted that the immediate resistance zone between $2.7 and $2.8 will be a crucial indicator of the uptrend staying power.
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