A digital asset trader has triggered wider bull sentiments after marking a potential breakout in XRP price. The crypto market is on a recovery path as macro sentiments build up amid weakened trade tensions. With billions flowing into the space, Bitcoin (BTC) and altcoins could be set for a new price uptick.
XRP Traders Build Momentum
Expert trader Ali Martinez highlighted the chances of XRP moving past $2.70 as the wider market flips green. The asset has recorded significant growth after breaking the $2 level. At press time, XRP trades at $2.36, a 9% rally in the last 24 hours, doubling down on last week’s gains.
The XRP price forms an inverse head-and-shoulders pattern, indicating sustained growth. According to Martinez, the current stretch favors a breakout to the psychological level of $2.70. If the asset beats this mark, it could trigger wider inflows from retail and institutional investors, setting the pace for the $9 milestone.
This year, the institutional favorite nosedived from multi-year highs after it flipped Tether as the third-largest crypto asset by market cap. While institutional traders offloaded assets, the sell-off from retail holders summed up the general market sentiment. Growing macro tensions due to the United States’ trade wars jolted markets, leading to a bearish pattern.
However, cooling tensions have ushered in stronger trading metrics and optimism. President Trump’s tariff suspension in the last two weeks led to a bullish swing as institutional adoption soared.
Bitcoin price now stands above $100k, while altcoins recovered lost ground. CoinShares Weekly Fund Flow report shows the total market ended consecutive seven-day outflows to record gains. XRP led altcoin gains with $37.7 million in its products, stretching monthly figures.
Teucrium CEO Backs XRP
Amid growing XRP adoption, Teucrium CEO praised the asset’s utility compared to others. In a recent Bloomberg interview, he stated that XRP has the most utility among crypto assets, adding that Bitcoin is a store of value, but XRP has a true use case.
Recently, the company rolled out a 2X Leverages XRP ETF, which targets short-term traders projecting daily price movements. “We chose XRP because we believe it’s the coin with the most utility. It’s not just speculation; it facilitates real transactions. Ripple is a team of true professionals.”
