XRP News Today: XRP Surges 100% Past $3 Mark After Legal Victory

Ripple’s XRP has recently surged past the $3 mark, approaching its previous all-time high (ATH) of $3.8. This surge comes amidst a broader rally in the crypto market, with Bitcoin (BTC) hitting a new ATH in the $123,000 range and Ethereum (ETH) surpassing $3,000. Analysts are optimistic about XRP's potential, predicting that it could reach a new ATH target of $4.80 in the near future.

The recent legal victory for Ripple in its battle with the SEC has significantly boosted investor confidence in XRP. The resolution of this long-standing legal issue has removed a major overhang, paving the way for a bullish surge. XRP, which missed the last bull cycle and had its previous surge stunted, is now seen as having considerable catching up to do. Analysts believe that this catching up will manifest in a highly bullish price movement.

The broader altcoin market is also showing signs of strength. While new altcoins like FET, ONDO, and DUI have already set new ATHs this bull cycle, legacy altcoins like XRP are expected to follow suit. The peak phase of altseason, which is anticipated to bring significant gains, is yet to arrive. Analysts predict that even new altcoins are poised to set their cycle top prices during this phase.

Several analysts have set ambitious ATH targets for XRP, ranging from $4 to $27 and beyond. However, the immediate focus is on the next target of $4.80, as predicted by a reputed analyst. This target reflects the bullish sentiment surrounding XRP and the broader altcoin market.

As the crypto market continues to heat up, with BTC dominance steadily falling and ETH dominance rising, the stage is set for a spectacular altcoin price pump rally. Analysts expect that the next few weeks and months will be particularly exciting, with significant gains anticipated across various altcoins. The influx of funds into ETH and other altcoins is expected to drive this rally, with money rotating into big, mid, and small-cap altcoins as ETH's pump phase concludes.