The crypto market has been on a serious boost since yesterday with prices going up fast after former President Donald Trump put a pause on country-based tariffs.
A lot of investors felt good about it, and money started flowing back into digital assets. As a result, the total crypto market cap jumped 6%, landing at $2.59 trillion, according to CoinMarketCap.
XRP took the lead with a 10.8$ surge over the last 24 hours. It now trades for $2.01after experiencing a rough start in the month.
While monthly outflows are still at 6.2%, weekly outflows dropped to just 2%, meaning fewer people are pulling their money out. Traders think XRP might be ready for something big.
Crypto Analyst, Egrag Crypto gave a new prediction on X, he said XRP is forming a “symmetrical triangle” on the monthly time frame.
Egrag compares this to an event back in 2017, when XRP pumped 2,600% after a breakout of a similar pattern.
Based on that, he believes XRP could shoot up to $30, especially if it drops slightly to retest the $1.20 level before blasting off. He backed it up by saying, “Men lie, women lie, but charts don’t lie.”
His post has fired up the XRP community, especially those who had lost their confidence due the recent drop. Moreover, the hope of an XRP ETF is still in the air. If the SEC gives it a green light, it would let everyday investors track XRP’s price like they do with Bitcoin ETFs. This could open the floodgates for more money coming in, which in turn could push the price even higher.
Ethereum (ETH) is also trying to bounce back. It’s now at $1,602 after facing big sell pressure and low network activity earlier this year. Other altcoins joined the rally too: Solana (SOL) went up 7.2%, Cardano (ADA) climbed 9%, and BNB rose 3.2%.
Also Read: XRP Price Jumps 19% to $2.08 After Trump Halts Tariffs
