XRP Surges 7% While BTC & ETH Drag: What’s Fueling Today’s Crypto Rally?
Crypto markets are flashing green again—but this time, it's the underdogs leading the charge. XRP just ripped past major players with a 7% gain, leaving Bitcoin and Ethereum eating dust. Here's why the tables turned.
The Ripple effect
XRP's rally isn't accidental. Whispers of a potential SEC settlement resurfaced, while its payment corridor adoption keeps growing. Meanwhile, BTC and ETH look like overworked bankers—plodding along with single-digit movements while DeFi tokens party.
Liquidity games
Traders are rotating out of 'safe' large-caps into higher-beta plays. XRP's low price point makes it a favorite for retail punters chasing quick gains. Classic 'risk-on' behavior—until the next Fed meeting ruins the fun.
The cynical take
Let's be real—this could just be whales painting the tape before dumping bags on overleveraged degens. After all, nothing moves markets like the illusion of momentum. Enjoy the ride... while it lasts.
The cryptocurrency market has seen a strong rebound over the past 24 hours, with several major coins recording solid price increases. The global market cap rose by nearly 2% to reach $3.73 trillion, signaling renewed investor interest after days of uncertainty.
Bitcoin (BTC) climbed 1.16% to trade at $114,797, while ethereum (ETH) jumped 3.69%, now sitting above $3,570. Altcoins also joined the rally. XRP saw a strong 6.65% surge, bouncing back to $3.01, making it one of the day’s top gainers.
Cardano (ADA) rose 3.76%, Dogecoin (DOGE) gained 3.37%, and Solana (SOL) added 2.29%, continuing its upward trend with over 14% gains in the last week. SUI and Stellar (XLM) surged 2.52% and 10.36% respectively.
The sudden shift in market sentiment comes as Trump Media & Technology Group announced a major Bitcoin purchase, adding $2 billion worth of BTC to its treasury. This move brought its total holdings to $3.1 billion.
With the Fear & Greed Index now sitting at a neutral 52, the market seems to be balancing between caution and confidence.
Bitcoin Sees Temporary Rebound
Bitcoin has climbed back above $114,000, showing a mild recovery after its recent dip. However, according to current chart trends and market signals, this may not be the full reversal just yet. Analysts have said that bitcoin could still retest support levels around $110,000 to $109,000 in the short term. The good news is that Bitcoin is not far from the oversold zone, suggesting that the correction might be nearing its end.
Despite short-term uncertainty, Bitcoin remains well above its 200-day moving average, a key technical indicator that signals the overall trend is still bullish. This MOVE is seen as a healthy retest rather than a sign of weakness. Patterns like an inverse head and shoulders on the chart also hint at a possible upside breakout in August.
