XRP News Today: Altcoins Surge as Bitcoin's Rise Drives 20% Gain for Cardano, 8.5% for XRP

Following Bitcoin's ascent to a new all-time high, a notable shift in capital has sparked a rally in altcoins, with prominent projects such as Cardano (ADA) and XRP experiencing significant surges. This capital rotation has led to a renewed optimism in the crypto market, with investors turning their attention to altcoins as Bitcoin's momentum continues to drive the broader market.

Cardano (ADA) is leading the charge, surging nearly 20% in the last 24 hours amid the market shift. The move is seen by analysts as the potential start of a new “altseason” for the crypto market. Other notable boosts include Hedera (HBAR), Stellar (XLM), Hyperliquid (HYPE), Dogecoin (DOGE), Polkadot (POL), SHIB, AVAX, SUI, ETH, Litecoin, and SOL, all of which saw significant increases in the same period.

XRP, in particular, has gained fresh bullish traction, trading at $2.64 at press time, marking an 8.5% gain for the day and an 18% increase over the past week. This surge has been fueled by Bitcoin's explosive rise to over $118,400, with XRP's current level representing a two-month high. The coin last traded above $2.60 back in May, and the ongoing move has generated excitement in the community, with pundits sharing new outlooks for the coin.

However, while XRP's price has strengthened, some analysts urge caution. Digital Assets Daily, a well-known XRP advocate, argues that the real excitement won't begin until XRP breaks its all-time high (ATH) of $3.84, which was set back in January 2018. This viewpoint highlights that XRP has yet to achieve a new price milestone after over seven years. Analyst Jack Riley disputes this perspective, stating that no actual trade occurred above the $3.31 mark for XRP in 2018. Riley maintains his position, citing Ripple’s CTO, who reportedly stated that the highest actual trade for XRP in 2018 was around $2.80, not even reaching the $3 level. Other commenters supporting this stance claim the $3.84 figure was due to a glitch on Korean exchanges.

The push toward the $3.84 level has become a psychological barrier for XRP. Surpassing it would not only mark a technical breakthrough but also be a symbolic victory for long-time XRP holders, as the coin would shed its label as an underperformer. If XRP does push past the $3.84 mark, it could trigger new buying and price discovery. Analysts have widely speculated about what could happen beyond this point. Analyst Alex Cobb has projected a $22.54 target by the end of 2025. Bitcoin analyst Davinci Jeremie agrees, suggesting it could even reach $24. Meanwhile, Dustin Layton is confident that XRP will hit $50 by year-end, while Javon Marks envisions a staggering $100 target. While these price forecasts vary, the overall theme is that XRP analysts expect the coin to surpass $10 this year. Still, the $3.84 level remains the key threshold to beat. Until then, many in the XRP community are holding their breath, watching closely for that decisive breakout above the historic high.

The broader crypto market has also seen significant gains, with Ethereum, Solana, and other altcoins posting double-digit gains as they ride Bitcoin's momentum. This rally has been driven by a combination of factors, including renewed investor interest and the overall bullish sentiment in the market. As Bitcoin continues to outperform traditional assets, investors are increasingly looking to altcoins for better upside potential. Even with Bitcoin reaching new highs, some analysts suggest that altcoins like Ethereum, Cardano, and others offer better gains due to their stronger weekly performance. This shift in capital from Bitcoin to altcoins is a clear indication of the growing maturity and diversification of the crypto market.