XRP, the third-largest cryptocurrency by total market cap, has risen close to 140% in the last 48 hours, returning to its old FOMO days. There are multiple reasons behind the XRP / USD trading pair climbing back to the $ 0.65 levels. Interestingly, the XRP price broke a record while the whole market was in its place.
Ethereum’s Next After XRP
Ethereum, the second-largest cryptocurrency, continues to stand in the face of this sensational rise. The ETH / USD trading pair fell 1% in the past 24 hours to $ 1,329. A leading cryptocurrency analyst stated that exciting days are near for Ethereum as well. Analyst Galaxy, looking at the ETH chart, emphasized that a possible peak would not look like this. According to the analyst, days under $ 2,000 are numbered for ETH, which is traded at $ 1,310. Galaxy pointed to $ 1950 and clearly $ 2,000 in its estimation on the ETH price chart. Galaxy, which states that ETH is currently in the period of consolidation, may actually be right.
The XRP price has also literally exploded after almost 2 weeks of consolidation, increasing its value by 140%. If a similar situation occurs for ETH, it can carry the price up to $ 3,000. Galaxy made a relatively moderate estimate that we could witness ETH prices above $ 2,000 soon. Although the ETH price broke the all-time record, it did not see above $ 1,500, which is seen as psychological resistance, and the wait is rising.
P.S: This is not an investment advice