XRP Could Rocket to $8 as Focus Shifts to Crypto Majors After Bitcoin's Record Run: Traders

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CoinDesk 20h ago

XRP Could Rocket to $8 as Focus Shifts to Crypto Majors After Bitcoin's Record Run: Traders - CoinDesk

Quick Summary:

Traders are rotating into major altcoins like XRP and Solana’s SOL as bitcoin consolidates near its record highs.

Renewed tariff concerns, rising U.S.yields, and a stronger dollar could all inject volatility into the system, especially for altcoins, QCP said.

The ratio has been locked in a sideways channel since late 2020, but that may now be breaking after last month’s SEC decision not to pursue further appeals against Ripple.