XRP Price Breakout Triggers Wider Bull Sentiments

A digital asset trader has triggered wider bull sentiments after marking a potential breakout in XRP price.

A digital asset trader has triggered wider bull sentiments after marking a potential breakout in XRP price. The crypto market is recovering as macro units build up amid weakened trade sentiments.

Billions of dollars are flowing into the crypto market, which could set Bitcoin (BTC) and altcoins up for a new price uptick.

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 spanned jolted markets, leading to a bearish pattern.

However, cooling trade 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 XRPAmong the growing adoption of XRP, Teucrium CEO highlighted 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.”