Market analysts interpret XRP’s recent 19% intra-day price drop as a natural and healthy market correction amidst broader cryptocurrency volatility.
Concurrently, Ether displays strong bullish momentum as Galaxy Digital’s CEO forecasts ETH surpassing $4,000 and outperforming Bitcoin in the near term. This optimism stems from escalating institutional demand exemplified by BitMine’s $2 billion Ether acquisition, which may trigger significant supply shocks.
Technical projections based on global liquidity expansion and Wyckoff accumulation patterns further bolster Ether’s trajectory, with price targets exceeding $8,000.
Heightened market volatility recently triggered over $585 million in crypto liquidations, including approximately $140 million in Bitcoin positions.