Ethereum and XRP Pump on Relief Rally, But These Coins Are Mooning Harder: Analysis
The crypto market experienced a relief rally following President Trump's announcement of a ceasefire between Iran and Israel. Oil prices fell 2.92%, with Brent crude at $69.39, as tensions eased. S&P 500 futures rose 0.58% to 6,112, while the dollar index decreased by 0.32% to 98.10. Gold prices dropped 2% to $3,315.8 per ounce as investors shifted to riskier assets. The cryptocurrency market capitalization increased by 2.9% to $3.23 trillion, with Bitcoin rising 3.6% to $105,471 and Ethereum up 6.5% to $2,422. Altcoins performed well, with XRP gaining 8.1% and SEI surging 46.5%. Meme coins also saw significant gains, with SPX6900 rallying 28% and the Dogwifthat coin (WIF) increasing 23%. Technical indicators suggest potential for further upward movement in these assets, despite some bearish signals in EMA configurations.
