To kick off the weekend, the crypto market saw XRP (the token of the Ripple blockchain) outperform the top 10 leading crypto assets by total market capitalization, rising more than 5% within 24 hours. That rise was seen after a week of uncertainty for traditional and crypto markets, as investors awaited inflation data to shed light on the Fed’s next steps.
The shift in sentiment reignites discussion on whether altcoin momentum and bullish mode are back, as other cryptos also flipped positive. As investor confidence rotates across sectors, some analysts see this divergence as an early signal of capital rotation ahead of the next market leg up, one that could benefit large caps like XRP and emerging utility-focused projects such as Remittix.
XRP Leads Gains as Inflation Data Boosts Market Confidence
XRP’s intraday gains were higher than those of most top digital tokens, pushing its weekly gains to over 4%. Analysts attributed the gains to the softer CPI print, which showed that the annual inflation rate cooled to 3.0%. This fuels bets that the US Fed is inching closer to a rate cut before year-end.
“Risk assets are seeing renewed inflows,” said crypto analyst Steph Is Crypto. The CPI report was the green light traders were waiting for; it reduces macro pressure and reopens upside potential for Bitcoin, Ethereum, and especially XRP, which has been consolidating in a bullish pattern.
The volume in XRP started to move, over 22% in 24 hours, as traders speculated and expected to see momentum.
Broader Market Mixed as BNB and Dogecoin Struggle for Direction
Despite the upbeat tone surrounding inflation data, not all major altcoins participated in the rally. BNB slides 1.3% to approximately $1,116. Dogecoin saw a mild reversal from the $0.20 resistance level. Analysts suggest sector rotation, moving short-term capital from meme and exchange tokens towards narratives with a clearer institutional use case.
Meanwhile, Bitcoin hovers around the $11,630 mark after posting its most successful day of the week. Ethereum Consolidates around $3,940 after a spate of weekly ETF outflows removed $96.3 million of institutional assets from the asset earlier this week. The price remains around that level despite the fluctuations in weekly flows.
This explains the disparity in performance across the majors, as sentiment improves but conviction clusters around majors with greater clarity and less regulatory uncertainty.
Updated XRP Price Prediction: Analysts Eye $3.20 Next
Technically, an initial resistance band exists between $2.60 and $2.70, which XRP has already retested alongside the channel’s upper trendline. If XRP breaks above this critical resistance zone, it can test the psychological barrier of $3.20 observed in mid-2022 trading.
XRP Price Chart | Source: CoinGecko
The technicals lean positive. The RSI and MACD show early signs of bullish divergences, meaning XRP could extend its gains if Bitcoin and Ethereum hold.
However, macro data could still weigh on the market: “If CPI-driven optimism fades and the Fed reverts to hawkish rhetoric, XRP could retest support near $2.35,” said trader Daan Crypto.
Emerging Utility Projects Gain Traction: Spotlight on Remittix
As funds rotate back into risk-on trades, investors are searching for crypto projects that have real-world utility beyond mere speculation about future price appreciation. This is what fuels the ambitions of Remittix (RTX), a cross-chain payments application and ecosystem.
Remittix enables instant crypto-to-fiat transfers across 30+ countries and supports 40+ cryptocurrencies. It keeps transactions private and settlement times under 24 hours.
With attention seemingly focused on payment tokens like XRP, savvy investors have also accumulated over 682 million RTX tokens, amounting to $27.8 million.
The team has already confirmed exchange listings on BitMart and LBank; another major CEX announcement is expected soon.
At just $0.1166 per RTX, Remittix could ride the next crypto momentum alongside XRP this cycle.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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