XRP News Today: Crypto Market Rebounds 5.18% Altcoins Lead Recovery

After a recent selloff, the cryptocurrency market has shown signs of recovery, with the global market capitalization increasing by 5.18% in a single day, reaching $2.52 trillion. This resurgence is particularly notable among altcoins, many of which have experienced significant gains, with some doubling in value. The rally in altcoins suggests a potential comeback for these digital assets, which had previously suffered from the broader market downturn.

Ethereum (ETH) has rebounded from $2,100, backed by whale buys and bullish technical patterns. The price briefly dipped to $2,100 but bounced sharply, forming a long doji wick. This move suggests strong buyer interest at support. Veteran trader Bluntz sees further proof of a bottom in the ETHBTC chart. According to his analysis, the A-B-C correction pattern has likely completed. Big money seems to agree. Spot On Chain reported a $112.96 million ETH purchase by an institution. The investor grabbed over 47,000 ETH during the recent three-day dip. In another bold move, a whale opened a $100 million long on ETH using 25x leverage.

Hyperliquid (HYPE) has gained 10%, showing strength with whale interest and short liquidations. HYPE formed two doji candles exactly at the 0.618 Fibonacci retracement. This level often acts as a springboard during reversals. On Monday, HYPE climbed nearly 10% even as other coins lagged. That move hints at strength building behind the scenes. One reason could be liquidations. HYPE is seeing more short squeezes than long liquidations. This flip usually supports upward price action. Whales have taken notice. One new wallet bought $17.5 million worth of HYPE in just 48 hours.

Fartcoin (FARTCOIN) has surged 12%, bouncing off support with momentum from new exchange listings. The coin dropped to $0.78 late Sunday but quickly snapped back to $0.93. A doji candle formed just above a major support level, hinting at a reversal. Fartcoin has a history of sharp comebacks, and this move fits the pattern. Listings on Coinbase and Hyperliquid have boosted visibility and demand. Whales and retail buyers are clearly paying attention. Traders now talk about a $10 billion market cap target. Some even call Fartcoin the next Dogecoin.

XRP has demonstrated strong performance with a 6.74% daily gain, trading at $2.73. This surge indicates that XRP is poised for another rally, as investors regain confidence in the altcoin market. The recent price movements in XRP and other altcoins reflect a broader trend of recovery in the cryptocurrency space, driven by renewed investor interest and positive market sentiment.

The activation of the buy zone for altcoins signals a shift in market dynamics, as investors look to capitalize on the potential for further gains. This trend is supported by the overall increase in the global market capitalization, which has risen to $2.52 trillion. The recovery in the altcoin market is a positive sign for investors who had previously been cautious due to the selloff, and it suggests that the cryptocurrency market may be entering a new phase of growth.

The recent gains in altcoins are not limited to XRP, as many other digital assets have also shown significant price increases. This widespread recovery indicates that the altcoin market is poised for a comeback, as investors seek to diversify their portfolios and take advantage of the potential for high returns. The activation of the buy zone for altcoins is a clear indication that the market is bullish on these digital assets, and it suggests that investors should consider adding altcoins to their portfolios as part of a diversified investment strategy.