XRP surged almost 10% in a New-York trading day, reaching its highest mark in roughly two weeks, driven by macro relief and renewed alt-season positioning.
The rally was sparked by a trade accord between Washington and London, along with upcoming US-China talks, shifting global-macro desks into a risk-on stance.
On-chain flow data showed South-Korean exchange Upbit transitioning from net seller to aggressive accumulator, while Bitcoin dominance dropped, indicating capital rotation into altcoins.
Technicians highlighted the breach of key levels on XRP's chart, pointing towards a potential upward trend with a price target of $2.47 as XRP traded at $2.31.