Why $6.9 XRP Is No Longer on the Radar: Trader Who Called 700% Rally Closes Thesis
TL;DR
Trader DonAlt, known for predicting XRP's 700% rally, has ended his bullish thesis on the token, stating that its unique growth drivers are no longer present. He believes XRP is now just another coin in the market without the potential for significant returns.
Key points
- DonAlt ends his bullish thesis on XRP
- XRP's growth driven by the 'crime cycle' is over
- XRP is now viewed as just another cryptocurrency
Mentioned in this story
DonAlt
Popular trader DonAlt, whose prediction in late 2024 ultimately resulted in a 700% profit surge during XRP's move from $0.50 to its eight-year high of $3.65, has officially announced the end of his thesis on the token.
Despite previous statements that XRP could break its price record and reach $6.9, the expert trader now believes the main growth driver, what he attributed to as the "crime cycle", is already in the past.
DonAlt explains why XRP is now just like any other coin
DonAlt's strategy was built around the concept of the so-called "crime cycle", referring to collusion, lobbying, political favoritism, and insider profit extraction from the crypto market during the specific 2024-2025 period, when XRP's abnormal growth happened. According to his latest statement, that thesis has now fully played out as the "crime cycle" is coming to an end.
In his view, XRP has lost its status as a unique speculative instrument and has turned into "just another coin" moving together with the broader market, without the promise of outsized returns.
Could go up could go down
I had a good trade on xrp from 0.50 to like high 2s betting on a crime cycle
That thesis has played out crime went vertical
Now I think the crime cycle is coming to an end so feel like my thesis has played outNow it's just like any other coin for me
— DonAlt (@DonAlt) May 12, 2026
As of May 12, 2026, XRP remains stuck around the $1.46 level. While an army of supporters continues waiting for a "rocket" toward new all-time highs, one of the most accurate prophets of the previous rally now prefers to stay on the sidelines.
Taking DonAlt's words as a baseline, the period of easy multiples fueled by hype is over, and expecting another parabolic run toward $6.9 under current conditions represents an unjustified risk.
At the same time, XRP ETFs continue seeing inflows, though they remain stable rather than explosive, with around $141 million entering the products over the last month and a half since early April in the US alone. The market is now frozen in anticipation of political decisions, as hearings on the CLARITY Act will take place in the U.S. Senate on May 14.
Q&A
Why did DonAlt change his outlook on XRP?
DonAlt believes the 'crime cycle' that drove XRP's previous growth has ended, leading him to conclude that XRP is now just like any other cryptocurrency.
What was DonAlt's prediction for XRP's price?
DonAlt initially predicted that XRP could reach $6.9, but he has since retracted this forecast as he no longer sees it as a unique investment opportunity.
What is the 'crime cycle' in relation to XRP?
The 'crime cycle' refers to the collusion and political favoritism that DonAlt believed fueled XRP's abnormal growth during 2024-2025, which he now thinks has concluded.
