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The cryptocurrency market is expected to kick off the week with a bullish surge, as Bitcoin (BTC) and Ethereum (ETH) shattered key resistance levels, signaling potential volatility ahead of Monday’s trading session. Meanwhile, XRP is stealing the spotlight, with analysts predicting a climb toward $3 as the crypto community awaits the decision on the long-running Ripple-SEC lawsuit today.
Bitcoin and Ethereum Smash Resistance Levels As per CoinMarketCap data, Bitcoin surged past $107K earlier today, breaking the critical resistance in the $106K range. The flagship crypto has been stabilizing after a volatile week, with market sentiment highly influenced by recent geopolitical tension and anticipation around the upcoming FOMC meeting.
At the time of writing, Bitcoin is trading near $106,727—increased with decent gains of 1.35% in the past 24 hours.
Ethereum (ETH) followed suit, with it surging past $2,600 and marking a daily high of $2,630—as per CoinMarketCap data. The current rally in ETH price reflects increasing optimism about Ethereum’s role in decentralized finance (DeFi) and tokenized assets, with the recent stablecoin trend further supporting its price momentum.
Analysts attribute the current market strength to renewed institutional interest and macroeconomic factors, including anticipated U.S. Federal Reserve decisions on interest rates.
XRP Poised for Breakout as Ripple-SEC Deadline Looms
XRP, trading at approximately $2.26, is at a critical juncture as the crypto market braces for a potential resolution in the Ripple-SEC legal saga. Today marks a procedural milestone, with a status report due in the U.S. court, which could determine whether Ripple and the SEC finalize a settlement.
A finalized agreement could classify XRP as a non-security, paving the way for spot XRP exchange-traded funds (ETFs) and boosting investor confidence. This optimism is likely to send the XRP price soaring, potentially breaking above $3, if the broader market sentiment favors it.
Trending Crypto Today
• BTC (Bitcoin)
• ETH (Ethereum)
• SOL (Solana)
• XRP (XRP)
• ALT (Altlayer)Crypto Market Cap Overview
As per CoinMarketCap data, the global crypto market capitalization currently sits at $3.33 trillion in valuation, increased 1.54% today. The 24-hour trading volume for crypto markets has surged 30% to $103 billion.
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