<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/impressive-surge-in-crypto-market-as-bitcoin-rebounds/" data-wpel-link="internal">Impressive Surge in Crypto Market as Bitcoin Rebounds</a><br></p>
<p style="text-align: justify">The crypto sector witnessed an incredible surge in the first weeks of February 2024. Following this period, the price of BTC bounced back from the $53,000 level, which resulted in a slowdown in the market. During this pause, it was observed that some cryptocurrencies had not yet made an impressive upward movement, which could become a factor for investors in the coming days. Some analysts suggest that this could be seen in XRP.</p> 
<h2 style="text-align: justify" id="bitcoin-ethereum-and-their-impact-on-other-cryptocurrencies">Bitcoin, Ethereum, and Their Impact on Other Cryptocurrencies</h2> 
<p style="text-align: justify">Markus Thielen, the research director at 10X Research, recently indicated in his report that <a href="https://en.coin-turk.com/bitcoin-whales-activities-shed-light-on-market-trends-amid-regulatory-challenges/" data-wpel-link="internal">Bitcoin</a>‘s (BTC) next potential resistance could be $57,000, and the rise of other cryptocurrencies could contribute to the crypto market.</p> 
<p style="text-align: justify">Markus Thielen mentioned that the XRP token could show an upward trend influenced by the potential rises in Bitcoin and Ethereum (ETH), adding:</p> 
<blockquote> 
 <p style="text-align: justify">Bitcoin is a critical directional influencer.</p> 
</blockquote> 
<h2 style="text-align: justify" id="prospects-of-a-rise-in-xrp">Prospects of a Rise in XRP</h2> 
<p style="text-align: justify">According to Ben Weiss, CEO of Bitcoin ATM service provider CoinFlip, the anticipated Bitcoin halving event is expected to positively trigger BTC prices, suggesting that high-volume altcoins could also rise. His statement on the matter was as follows:</p> 
<blockquote> 
 <p style="text-align: justify">Bitcoin prices are rising, innovations are expanding globally before the election year, and Bitcoin’s halving is approaching.</p> 
</blockquote> 
<p style="text-align: justify">Moreover, Anthony Scaramucci, founder of hedge fund Skybridge Capital and a close follower of the crypto world, emphasized that investors should not be alarmed by Bitcoin trading above $50,000, adding:</p> 
<blockquote> 
 <p style="text-align: justify">Interest rates are falling, spot (exchange-traded funds) are providing billions in new flow, halving in two months. A face-ripping rally is approaching.</p> 
</blockquote> 
<p style="text-align: justify">On the other hand, Dark Defender, who has gained attention for his XRP predictions, noted in his weekly chart analysis that the relative strength index (RSI) of the Bitcoin-XRP trading pair is showing parallels to the 2017 and 2021 bull runs, and emphasized that it could rise to $2 by 2024.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-318801" src="https://coin-turk.com/wp-content/uploads/2024/02/19-subat-2-dolar.png" alt="" width="689" height="375"></p> 
<h2 style="text-align: justify" id="what-is-the-current-price-of-xrp">What is the Current Price of XRP?</h2> 
<p style="text-align: justify">As of this writing, the price of XRP is trading at $0.534, experiencing a weak decline of 1.69% in the last 24 hours. Looking at the past 7 days, the decline rate is 4.90%, while the monthly outlook as of February 23 indicates a gain of 4.31%, and since the beginning of the year, the value has increased by 36.05%.</p> 
<p style="text-align: justify">The overall market cap of XRP has fallen by 1.73% to below $30 billion, currently at $29 billion. XRP’s 24-hour trading volume has dropped by 14%, amounting to $1 billion. This decline in trading volume could be interpreted as investors moving away from XRP.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/impressive-surge-in-crypto-market-as-bitcoin-rebounds/" data-wpel-link="internal">Impressive Surge in Crypto Market as Bitcoin Rebounds</a></h5>

Impressive Surge in Crypto Market as Bitcoin Rebounds

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