- Bitcoin’s 20% rise in recent weeks has reignited investor interest and lifted the entire cryptocurrency market into a bullish phase.
- XRP surged to $2.2 and is approaching strong resistance at $2.7265, with analysts eyeing a possible breakout if market strength persists.
- Daily Bitcoin ETF inflows crossed $900 million, their highest since January, signaling a broader confidence in crypto-based financial products.
The cryptocurrency market is gaining traction again after several months of stagnation. Bitcoin has surged by 20% in recent weeks, reigniting interest across digital assets. This momentum is not only impacting the flagship coin but is also revitalizing alternative cryptocurrencies such as XRP.
Recent Bitcoin price increases have helped drive a positive market change throughout digital asset values. The inflows into Bitcoin-linked ETFs surpassed the $900 million mark daily which set a new record after Bitcoin achieved its all-time high in January. Gold’s new price record enhances Bitcoin’s status as a contemporary store of value at the same time as the market movement.
XRP climbs to new short-term high
XRP has followed suit, now trading at $2.2 after previously dipping below the $2 threshold. The asset’s technical chart appears more favorable, according to analysis by a well-known trader who goes by “DonAlt.” The expert noted XRP is showing renewed strength after months of low volatility and declining momentum.
Support has been clearly established at $2, while resistance has formed around $2.7265. Analysts suggest that if Bitcoin’s rally continues, XRP may break through the upper barrier, which could shift its trajectory closer to a historic high of $3.4. The digital asset previously peaked during a sharp rally in late 2024 when it gained 500% within a short period.
Market sentiment turns positive
Sentiment across the cryptocurrency market has improved significantly. Alongside XRP, other digital tokens such as Solana are also showing signs of upward movement. Traders are cautiously optimistic as long as Bitcoin maintains its current momentum. Any potential dip below XRP’s support at $1.9 may challenge the trend, but for now, bullish indicators remain in place.
