As of July 16th, Wednesday, cryptocurrencies are experiencing a resurgence after a challenging six months. Throughout the year, altcoins have faced various setbacks due to tariffs but are now showing signs of recovery. Notably, ETH has exceeded $3,100 after several months, and XRP recently tested the $3 mark. This begs the question: How much will XRP Coin be worth this year?
XRP Coin’s Potential Path
Bitcoin (BTC) $0.000053 currently finds buyers at $118,800, and with the support level of $115,500 holding firm, investors express optimism about altcoins. In a scenario where BTC retains its strength, altcoins promise more rewards. Ali Martinez stated in today’s evaluation that closing above $3 may pave the way for XRP to climb beyond $4.
A weekly close above $3 could send XRP to a new all-time high of $4.80. As the weekly closure approaches, we can anticipate more statements from the Fed, announcements regarding tariffs, and other significant developments. Trump’s unpredictability could lead to large market swings, hence investors should remain vigilant.
For Ripple (XRP) $3, the lawsuit is close to wrapping up, the ETF approval is approaching, and RLUSD continues to grow. Ripple is making strides through major partnerships and acquisitions, strengthening the XRPL ecosystem. The end of a long-standing lawsuit, combined with a solid financial structure, sets a favorable environment for XRPL.
Since the US-based crypto inflows differentiated positively after the November election results last year, XRP has been climbing steadily, outperforming other altcoins even during downturns. Given these conditions, the real ATH might surpass $4.80, and positive announcements along with ETF approval could drive the price to double-digit levels.
The Altcoin Landscape
BTC continues its upward trajectory with a 1.5% increase, while cryptocurrencies like SHIB have surpassed the 7% gain threshold. SOL stands at $167, with a 5% increase pushing ETH above $3,155. DOGE and AVAX have reclaimed significant support levels. Michael Poppe highlighted the deviation in the rise of altcoins, suggesting now might be the opportune moment.
“Potential upward trend in altcoins. The good side: This is just the beginning, with more to come. Bull market.”