XRP News Today: Ethereum, XRP Surge 3%, 4% as Institutional Demand, Trade Tensions Ease

Altcoins, including Ethereum (ETH) and XRP, have surged in value alongside Bitcoin (BTC) and traditional assets as traders explore new levels not seen in months. This upward trend is driven by a combination of factors, including institutional demand and easing macro tensions. Ethereum's price has spiked by 3% in the last 24 hours, extending its weekly growth to over 41%. Analysts suggest that this price surge could mark the beginning of a new chapter for altcoins.

Institutional demand for Ethereum has been particularly robust, with inflows surging and weekly gains in ETH funds continuing to rise. This has led to a price rebound, with Ethereum breaking the $2,500 mark after several months of moving past multiple psychological levels. The recent agreement to pause most tariffs has boosted trader confidence, leading to a new wave of institutional inflows. ETH bulls have set a $3K short-term price target if the current accumulation trend continues.

XRP has also gained significant traction, soaring by 4% in a single day and 19% over the last seven days. This upward swing has seen the asset’s price reclaim the $2.5 mark. Most trades are aligning towards an altcoin season if the price flips $3. The easing of trade tensions between the United States and China has played a crucial role in this positive sentiment. The agreement to pause most tariffs has ushered in positive sentiments in financial markets, with Chinese exports to the United States attracting a 30% tariff, down from the previous 145%, and US goods to China levied at 10%.

The de-escalation of macro tensions has had a profound impact on the cryptocurrency market. Traders have reacted positively to the easing of trade tensions, leading to a surge in altcoin prices. Ethereum and XRP, in particular, have benefited from this shift, with institutional demand driving their price growth. The recent agreement has provided a much-needed boost to trader confidence, leading to a new wave of institutional inflows. As the market continues to react to these developments, it remains to be seen how long this positive trend will last. However, the current outlook for altcoins is bullish, with Ethereum and XRP leading the charge.