Cryptocurrencies XRP and Ethereum surge in the market as Trump revives trade conflict
In the ever-evolving world of cryptocurrencies, the market is currently experiencing a rebound, with altcoins like Ethereum and XRP taking the lead.
According to market predictors Myriad Markets, the odds of an XRP Exchange-Traded Fund (ETF) approval stand at approximately 64%, making it a leading expectation over other altcoins such as Litecoin. This positive sentiment towards XRP is reflected in a $3.05 price mark and a market cap around $181 billion.
Ethereum, on the other hand, has a probability ranging from about 54.4% to 63.6% that it will surpass its previous all-time high of $4,891 before the end of the year. This bullish outlook for Ethereum is underpinned by increased institutional investment, positive technical indicators such as the golden cross and RSI, and recent surges, including a 58% increase in July 2025 that pushed the price above the $4,000 level for the first time since December 2024.
Market analysts, like Tom Lee, project even more bullish scenarios for Ethereum, with potential reaches of $16,000 in the coming years due to institutional adoption parallels with Bitcoin's past cycles.
Interestingly, Ethereum has outperformed Bitcoin recently in terms of institutional inflows, with Ethereum ETFs gaining substantial investments while Bitcoin ETFs have lost assets, reflecting shifting institutional preferences.
Other cryptocurrencies are also seeing some positive movement. Bitcoin, BNB, and Solana are trading flat, while Stellar has jumped 8.1% and Solana meme coin BONK has increased 5%. Ethereum-based stablecoin DeFi protocol Ethena has climbed 10.8% over the past 24 hours.
However, not all is smooth sailing. President Trump renewed his global trade war by slapping tariffs on dozens of U.S. trading partners, including China, Canada, the European Union, Mexico, and the UK. This move has potentially far-reaching implications for the global economy and could impact the cryptocurrency market in the long run.
In the short term, the crypto market seems to be bouncing back, with the global crypto market cap having risen just shy of 1% on the day. Ethereum has climbed 2.7% among the top 10 cryptocurrencies by market cap, with XRP and Solana posting similar losses to Bitcoin and Ethereum. Hyperliquid, however, is currently the biggest loser, trading 4% lower than it was this time yesterday.
Injective has risen 5.9% in the cryptocurrency market rebound, adding another positive note to the overall market sentiment. Despite the ongoing trade tensions, the odds that an XRP ETF will be approved before Litecoin have widened to 64%, according to Myriad Market predictors, offering a glimmer of hope for investors in the crypto space.
As a new week dawns, the crypto market is beginning its rebound, and the future looks promising for these leading altcoins. Stay tuned for more updates as the market continues to evolve.
- The crypto market is currently experiencing a rebound, with Ethereum and XRP leading the altcoins.
- Market predictors, Myriad Markets, have stated that the odds of an XRP Exchange-Traded Fund (ETF) approval stand at approximately 64%.
- Ethereum has a probability ranging from about 54.4% to 63.6% that it will surpass its previous all-time high of $4,891 before the end of the year.
- According to market analysts like Tom Lee, Ethereum could potentially reach $16,000 in the coming years due to institutional adoption parallels with Bitcoin's past cycles.
- Ethereum has outperformed Bitcoin recently in terms of institutional inflows, with Ethereum ETFs gaining substantial investments while Bitcoin ETFs have lost assets.
- Other cryptocurrencies like Bitcoin, BNB, Solana, Stellar, and Solana's meme coin BONK are showing positive movement, while Ethereum-based stablecoin DeFi protocol Ethena has climbed 10.8%.
- In the short term, the crypto market seems to be bouncing back, with Hyperliquid being the biggest loser, trading 4% lower than it was this time yesterday.
- Despite President Trump's renewed global trade war and potential implications for the global economy, the odds that an XRP ETF will be approved before Litecoin have widened to 64%, offering a glimmer of hope for investors in the crypto space.
