XRP XRP/USD has surged over 25% over the past seven days, fueling bullish momentum as traders look for new all-time highs soon.
Cryptocurrency | Ticker | Price | Market Cap | 7-Day Trend |
XRP | XRP/USD | $3.02 | Â $178.9 billion | +27.1%Â |
Bitcoin | BTC/USD | $119,113.54 | Â $2.4 trillion | +9%Â |
Ethereum | ETH/USD | $3,314.22 | Â $400.5 billion | +24.6%Â |
Trader Notes: Crypto chart analyst Ali Martinez says XRP must secure a weekly close above $3 to kick off a move toward $4.80, which would mark a new all-time high.
Galaxy noted XRP’s tendency to retest its previous all-time high, consolidate just below it, and then break through into full price discovery. According to him, $3.30 remains the level to beat for the real rally to begin.
Veteran trader DonAlt, who first called XRP when it was under $0.70, says the setup is aligning once again.
If it clears $3.30 like last time, this next leg could be even stronger, he concluded.
Statistics: Coinglass data shows XRP open interest hit all-time highs on July 15, with an 8.8% spike in the past 24 hours. Liquidations totaled $7.99 million, with shorts accounting for $4.36 million, indicating strong upward pressure forced many bearish bets to close.
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