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- #Will BTC Hit a New High?#
BTC has broken past $100,000 and is now consolidating near its peak. What’s your outlook on the next move? With bullish sentiment on the rise, could BTC reach a new all-time high?
#Crypto Market Rebounds#
The crypto market is rallying across the board — altcoins are gaining momentum, and Memecoins are heating up! 🔥MOODENG is up over 100%, while PNUT and VIRTUAL have each gained more than 45%. The total crypto market cap has now exceeded $3.22 trillion!
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Is XRP about to rise to 10 dollars? New futures ETFs drive predictions of XRP price increase.
XRP (XRP) is likely to be bullish in the short term, reaching the highest level of 2025, thanks to the hype surrounding the future XRP ETFs in the coming weeks. The launch of the future XRP ETF by Proshares Trust has just been postponed until May 14.
However, this does not diminish the sentiment. Indeed, the SEC's approval of these ETFs, following Ripple's legal victory in March 2025, has sparked enthusiasm among investors - the latest price of XRP is around $2.25, bullish over 40% from the monthly low. Moreover, the bullish technical factors, including the recent breakout of XRP price above the prolonged downtrend and its 21 and 50DMA, indicate a short term target of $3.40.
Cryptocurrency traders will remember how the market initially underestimated the impact of the spot Bitcoin ETF launch in early 2024. Is the market undervaluing the impact of the XRP futures ETF, and could XRP surge up to $10? XRP reaching $10 is still unlikely due to macro instability. Traders should avoid blindly chasing this bullish trend. Economic instability, driven by President Trump's trade war, is shaking global markets and the US economy has shown signs of strain.
Consumer expectations have just fallen to their lowest level since 2011, while the number of new jobs decreased by 300,000. Meanwhile, concerns about persistent inflation due to tariffs could cause the Federal Reserve to maintain a hawkish stance at a time when the market needs them the most. Altcoins like XRP are very sensitive to risk-averse sentiment and may face a strong pullback under such conditions. A price target of $10 seems unrealistic in this context, as macroeconomic hurdles may limit the gains. Is it time to accumulate XRP? Despite short term risks, long-term investors should view market volatility as a buying opportunity. Trump administration's supportive stance on cryptocurrency, including the potential to clarify regulations under new SEC Chair Paul Atkins, is a positive sign for XRP. Trump's favoritism towards XRP, the cryptocurrency he mentioned in March, is one of the important cryptocurrencies included in the digital asset reserve, which is another reason to be optimistic in the long term. In this context, the fundamentals of XRP remain strong: The launch of Ripple's stablecoin RLUSD in December 2024 has boosted liquidity, and 80% of Japanese banks currently use Ripple Payments for cross-border transactions. The upgrades of the XRP Ledger, supporting over 3,400 transactions per second, make it easily applicable on a large scale.