DonAlt, a highly regarded analyst in the cryptocurrency space, has officially concluded his analysis predicting a 700% return for XRP by the end of 2024. DonAlt stated that what he refers to as the "criminal cycle"—a period of abnormal price surges for XRP—has now come to an end. This trader had previously forecasted that XRP could reach a new all-time high of $6.9.
End of the "Criminal Cycle" Narrative
DonAlt attributes the unusual price increases of XRP in 2024 and 2025 to a complex mix of economic and political factors, including lobbying efforts and insider trading, phenomena he describes as the "criminal cycle." He now claims that this phase has completely ended, and the speculative uniqueness of XRP has dissipated.
According to DonAlt's assessment, XRP has now become an ordinary asset, with its price fluctuations aligning with broader market trends. He warns that chasing the rapid returns that XRP once offered is now riskier than ever.
Price Stagnation and Sentiment Shift
As of May 12, 2026, XRP's price remains stable, trading at $1.46. While some members of its community still hold out hope for new all-time highs, DonAlt—who previously defined XRP's upward momentum—now leans towards a wait-and-see approach.
DonAlt believes that the era of rapid price increases for XRP is over, and under current market conditions, he sees no reason to expect a new surge towards $6.9.
Investment Flows and Regulatory Environment
In the past six weeks, U.S. ETFs holding XRP have attracted approximately $141 million in new capital inflows. However, the pace of this investment growth has been steady and slow, rather than a dramatic influx.
The current focus is shifting to the U.S. Senate, where the upcoming CLARITY Act meeting on May 14 may play a crucial role. The outcomes of these political discussions are expected to determine whether XRP can achieve "safe haven" status among institutional investors.
Experts note that the narrative is changing: rather than being defined by its past speculative cycle, XRP's future fate will depend on regulatory clarity and institutional recognition.