Bitcoin, Ethereum and XRP prices are rallying following a sharp increase in overall market momentum. This surge has pushed the total crypto market capitalization to $3.07 trillion, reflecting a 2% daily increase. The volume of trading in the ecosystem also increased by 80% to 117.08 billion. Analysts identify the growth to the positive technical signs and the revival of investor confidence.
Regulatory advancements are ongoing worldwide. The MiCA framework of Europe already comes into effect, and a number of jurisdictions in Asia and Latin America adopt their own crypto laws. Bitcoin price climbed 1.85% in the past 24 hours to trade near $91,307, marking a 4.07% weekly gain. The uptrend persists with the strengthening of the bullish momentum, creating anticipations of a breakout.
If that happens, a rally towards the $100,000 level could happen really quickly. Ethereum price maintained bullish momentum as it rose 1.21% to $3,136, extending its weekly gain to 7%. Provided that Ethereum recovers the lost $3,200, analysts believe that the asset could increase by 10-15%. XRP price gained 2.74% in the past 24 hours.
XRP price has burst out of the psychological barrier of $2.00 and is currently trading at an average of $2.08. In case of the continuation, XRP price might retest the resistance level of $2.20. Any higher break could provide room up to $2.40.
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