XRP and Ether Lead Crypto Midweek Gains as Whales Flood Markets
The crypto market has recorded massive gains in the last 24 hours as President Trump paused country-based tariffs. This lifeline has sparked bull pressure, flipping weekly outflows in most assets. XRP and Ethereum (ETH) led altcoin gains today, posting double-digit gains. The total crypto market cap soared 6% to $2.59 trillion in the same timeframe.
XRP Leads The Pack
Institutional favorite XRP dominated digital asset recovery, posting a 10.8% gain today. The asset trades at $1.99 at press time, with holders set for an uphill swing. XRP’s weekly and monthly performance is still in the red zone after a significant decline in April. While exits in the last seven days dropped to 2%, monthly outflows are at 6.2%.
Crypto traders have made bullish projections for the asset, signaling a major breakout past the $2.50 mark. Popular pro-XRP trader Egrag Crypto projected a mega run to $30 if inflows take shape similar to the 2017 pump.
“Let’s focus on this cycle for the breakout from the symmetrical triangle. Instead of using the triangle’s measured move, I’m looking at the last pump from the 2017 cycle, which was an incredible 2,600%! Starting from $1.20, if we see a retracement back to the edge of the triangle, then $30 is definitely within reach!”
Following the price uptick, the XRP Army tipped further inflows past this year’s $3.4 mark should the Securities and Exchange Commission (SEC) approve spot ETFs. These products will create a window for traditional investors to track the asset’s price. Like Bitcoin products, a spot XRP ETF will ignite a new wave of institutional demand. Recently, Polymarket users raised the odds of an approval this year.
ETH Records Need Boost
This year, Ethereum has faced major headwinds from a decline in transaction volume to institutional sentiments. The latter triggered high sell pressures, leading to a price drop. At the start of the year, forecasts for an altcoin season saw bulls pricing in a $4k price level.
However, negative macro trends led to a price correction below the $2k support. Ethereum trades at $1,602 after significant whale exits. Solana (SOL) saw 7.2% gains to $114.65 in the last 24 hours, while Cardano (ADA) and BNB recorded 9% and 3.2% growth, respectively, in the same period.
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XRP and Ether Lead Crypto Midweek Gains as Whales Flood Markets
The crypto market has recorded massive gains in the last 24 hours as President Trump paused country-based tariffs. This lifeline has sparked bull pressure, flipping weekly outflows in most assets. XRP and Ethereum (ETH) led altcoin gains today, posting double-digit gains. The total crypto market cap soared 6% to $2.59 trillion in the same timeframe.
XRP Leads The Pack
Institutional favorite XRP dominated digital asset recovery, posting a 10.8% gain today. The asset trades at $1.99 at press time, with holders set for an uphill swing. XRP’s weekly and monthly performance is still in the red zone after a significant decline in April. While exits in the last seven days dropped to 2%, monthly outflows are at 6.2%.
Crypto traders have made bullish projections for the asset, signaling a major breakout past the $2.50 mark. Popular pro-XRP trader Egrag Crypto projected a mega run to $30 if inflows take shape similar to the 2017 pump.
“Let’s focus on this cycle for the breakout from the symmetrical triangle. Instead of using the triangle’s measured move, I’m looking at the last pump from the 2017 cycle, which was an incredible 2,600%! Starting from $1.20, if we see a retracement back to the edge of the triangle, then $30 is definitely within reach!”
Following the price uptick, the XRP Army tipped further inflows past this year’s $3.4 mark should the Securities and Exchange Commission (SEC) approve spot ETFs. These products will create a window for traditional investors to track the asset’s price. Like Bitcoin products, a spot XRP ETF will ignite a new wave of institutional demand. Recently, Polymarket users raised the odds of an approval this year.
ETH Records Need Boost
This year, Ethereum has faced major headwinds from a decline in transaction volume to institutional sentiments. The latter triggered high sell pressures, leading to a price drop. At the start of the year, forecasts for an altcoin season saw bulls pricing in a $4k price level.
However, negative macro trends led to a price correction below the $2k support. Ethereum trades at $1,602 after significant whale exits. Solana (SOL) saw 7.2% gains to $114.65 in the last 24 hours, while Cardano (ADA) and BNB recorded 9% and 3.2% growth, respectively, in the same period.
Read More