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XRP Comes 7% Away From New ATH, BTC Price Stopped at $120K: Market Watch
The cryptocurrency market is abuzz with activity, as the price of Ripple (XRP) has surged by a significant margin in the past day. According to recent data, XRP is just 7% away from reaching a new all-time high.
This remarkable growth comes amidst a mixed performance across the broader crypto space. Bitcoin’s attempt to surpass the $120,000 mark came to an abrupt halt as bears took control of the market, pushing the price back down to around $116,000.
It is worth noting that Ethereum (ETH) has also continued its upward trajectory, with a whopping 9% gain in just 24 hours. This impressive performance has seen ETH reach a five-month high of nearly $3,450.
On the other hand, Bitcoin’s inability to break through the $120,000 mark could be a sign of weakness and indecision among investors. The price correction from $123,000 to its current level indicates that sellers are still in control.
As for XRP, it has been clear in recent weeks that institutional investors have been accumulating large amounts of the asset. This surge could potentially be the result of these whales taking a more active role in driving prices up.
In other news, several altcoins have joined ETH and XRP in their upward momentum, with notable gains from Dogecoin, Solana, Shiba Inu, PEPE, FLOKI, and BONK.
Source: cryptopotato.com
