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Ripple’s X...
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Zycrypto

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Ripple’s XRP & Ether Lead Altcoin Traders’ Drive Following De-escalating US Macro Tensions

  • Altcoins, including Ethereum (ETH) and XRP, are experiencing upward movement alongside Bitcoin as traders explore new price levels not seen in months.
  • Ethereum and XRP are leading in terms of market cap and hourly growth rates, with Ethereum's price surging by 3% in the last 24 hours and over 41% for the week, indicating a positive trend for altcoins.
  • Institutional demand for Ethereum is increasing significantly, with price breaking the $2,500 mark driven by inflows and expected to reach $3,000 in the short term if accumulation by institutional funds continues.
  • The de-escalation of trade tensions between the United States and China following a 90-day pause on most tariffs has positively impacted financial markets, boosting trader confidence and leading to a new wave of institutional inflows in assets like Ethereum and XRP.

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