XRP Coin price has finally crossed the one dollar mark, with major altcoins like ADA Coin following suit. The rise of large-cap altcoins alongside Bitcoin’s growth has strengthened the belief that a stable upward trend has begun. At the time of writing, Bitcoin $97,555 is priced at $90,570.
Analysis of Bitcoin and Altcoins
Although the leading cryptocurrency has not yet managed to close above $92,000, the ongoing consolidation at higher levels is promising. Despite drops to the $88,000 level, BTC remains strong. The main reason for the pause in the upward trend was the selling activity from miners. User Ali Charts reported $273 million in miner sales over the past 48 hours.
While this selling caused a sudden drop in price, the recovery of BTC indicates that the overwhelming majority of investors still believe in an upward trajectory.
XLM and XRP Coin Insights
MikybullCrypto recently suggested that we might witness a rally for XRP Coin similar to that of 2017. Although prices above $7 with the current market capitalization seem ambitious, events like the potential XRP Coin ETF approval and the removal of the SEC Chair could trigger significant FOMO.
Waleed focused on XLM Coin, believing that following a dip, a price rebound to $0.23 has initiated a new phase. He expects to see a breakout at $0.377, and given the recent surges in altcoins, a sudden rally would not be surprising.