XRP Prices Hit 7-Week Peak as This Crucial Metric Suggests Further Gains
2025-07-09 19:07:19
Main Idea
The cryptocurrency market, particularly altcoins like Ripple's XRP, is experiencing significant gains, with XRP reaching a seven-week peak and showing strong performance metrics.
Key Points
1. Ripple's XRP token surged to $2.4, marking its highest price since late May and a 4% daily gain.
2. XRP has increased by over 25% since its monthly low of $1.9 at the end of June during the Israel-Iran war.
3. Santiment data shows XRP reached a new all-time high of 2,743, indicating growing investor confidence.
4. Analysts suggest that reclaiming the $2.38 resistance level could lead to a 12% surge to $2.60.
5. Smaller retail investors may follow 'smart money' accumulation patterns, potentially driving further gains for XRP.
Description
There’s an evident uptick in the cryptocurrency market, especially when it comes to altcoins, as many have marked notable gains of up to 5% on a 24-hour scale. Ripple’s native cross-border token is among the examples, as the asset jumped to $2.4 for the first time since late May today. XRPUSD. Source: TradingView One of the possible reasons behind the price pumps in the past few hours could be linked to US President Trump’s call for a massive interest rate cut by the Federal Reserve. After all, ...
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