XRP has experienced a remarkable rally, climbing to $1.84 and achieving its highest value in over three years, with a staggering 267% increase this month.
This surge is fueled by rising demand, institutional interest in crypto payments, and a favorable regulatory environment in the U.S.
Analysts suggest that XRP’s growth is driven by its strong position in global payments and improved sentiment toward cryptocurrencies. Large holders, or “whales,” have accumulated over $1.12 billion in XRP recently, reflecting confidence in its long-term potential.
However, this accumulation raises questions about possible profit-taking as the altcoin approaches the $2.00 mark.
Breaking the $2.00 resistance could further boost XRP, attracting more investors and pushing its price higher. Yet, a market correction or whale sell-offs could pose risks. For now, XRP’s upward trend appears intact, with potential for continued growth in the weeks ahead.
Standard Chartered has significantly adjusted its forecast for Ether’s price in 2025, now predicting it will reach only $4,000, down from an earlier target of $10,000.
Ethereum may have found a firm price floor, with blockchain data suggesting that $1,886 is a key accumulation zone.
Ethereum investors who bought at higher price levels are now struggling to inject new capital into the market, raising doubts about the cryptocurrency’s ability to regain momentum, according to Chinese on-chain analyst Murphy.
Dogecoin’s network has seen a massive uptick in activity, with the number of active addresses skyrocketing by 400%, according to blockchain analytics.