{"id":65117,"date":"2025-05-09T10:57:14","date_gmt":"2025-05-09T10:57:14","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=65117"},"modified":"2025-05-09T10:57:14","modified_gmt":"2025-05-09T10:57:14","slug":"ethereums-eth-price-explosion-ripples-xrp-next-targets-and-more-bits-recap-may-9","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=65117","title":{"rendered":"Ethereum\u2019s (ETH) Price Explosion, Ripple\u2019s (XRP) Next Targets, and More: Bits Recap May 9"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

ETH surged by 23% in 24 hours to over $2,400, sparking bullish predictions of $4K to even $25K.<\/span>
\n XRP jumped 9% daily to $2.40 amid optimism from the settlement between Ripple and the SEC, with analysts eyeing a potential breakout past $2.80 toward new all-time highs.<\/span>
\nPEPE skyrocketed by more than 50% weekly, hitting its highest price since January, boosted by whale accumulation and a revitalized crypto market.<\/p>\n

<\/a><\/span><\/h2>\n

ETH\u2019s Impressive Comeback<\/h2>\n

The second-largest cryptocurrency, <\/span>which<\/span> has been among the biggest disappointments this cycle, finally managed to reverse the negative trend.<\/span> In the past several days, Ethereum\u2019s price has been going through the roof, and currently, it is worth over $2,400 (per CoinGecko\u2019s data). <\/span>This<\/span> represents<\/span><\/a> a whopping 23% increase in just 24 hours and the asset\u2019s best daily performance since 2021.
\n<\/span><\/p>\n

<\/a>ETH Price, Source: CoinGecko<\/p>\n

Somewhat expected, the rally<\/span> infused enthusiasm across the crypto community<\/span>, and many<\/span> analysts believe the current levels could mark the beginning of a major bull run.<\/span>\u00a0<\/span><\/p>\n

The X user Lucky<\/span> recently <\/span>predicted<\/span><\/a> a jump towards $4,000 in the following months.<\/span> Shortly after, the analyst with over two million followers on X <\/span>claimed<\/span><\/a> that \u201cthe sleeping monster is finally waking up\u201d and \u201cis aiming for greater moves.\u201d<\/span><\/p>\n

Other popular industry participants who gave their two cents on the matter include Merlijn The Trader and KALEO.<\/span><\/p>\n

The former saw an analogy between Ethereum\u2019s price chart in the past three years and that of bitcoin formed between 2019 and 2021 to forecast a price explosion to $12,000 by the start of 2026. For their part, KALEO <\/span>envisioned<\/span><\/a> an even more optimistic scenario:<\/span><\/p>\n

\u201cIn a world where Bitcoin is heading to $500K+, $25K+ ETH almost sounds too bearish.\u201d<\/span><\/p>\n

What\u2019s Next for XRP?<\/span><\/h2>\n

Ripple\u2019s<\/span> native token is also <\/span>well in the green on a daily scale<\/span>, albeit charting less substantial gains than ETH.<\/span> As of this writing, it trades at roughly $2.40, a 9% increase for that timeframe.
\n<\/span><\/p>\n

<\/a>XRP Price, Source: CoinGecko<\/p>\n

Its resurgence could be attributed to the booming crypto market <\/span>as well as the<\/span> recent developments in the Ripple v. SEC lawsuit.<\/span> Just recently, the two entities<\/span> agreed<\/span><\/a> to a $50 million settlement, potentially ending the years-long legal battle that began in 2020 over alleged unregistered XRP sales.<\/span>\u00a0<\/span><\/p>\n

According to numerous analysts, Ripple\u2019s cross-border token seems well-positioned for a further pump in the short term. The X user CRYPTOWZRD <\/span>thinks<\/span><\/a> a possible breakout of the resistance at $2.80 could push XRP toward a new all-time high.<\/span><\/p>\n

Ali Martinez chipped in several hours later, <\/span>predicting<\/span><\/a> that a rise above the $2.26 mark might ignite a jump to $2.60. As mentioned above, the price managed to surpass that zone.\u00a0<\/span><\/p>\n

How\u2019s PEPE Doing?<\/span><\/h2>\n

Last <\/span>but not least<\/span>, we will touch upon the frog-themed meme coin PEPE, which has been among the top performers in the past week. <\/span>It <\/span>is<\/span> up 52% for that period and over 42% for the day, <\/span>currently<\/span> trading at its highest point since January <\/span>this year<\/span>.<\/span>\u00a0<\/span><\/p>\n

Some of the elements supposedly fueling its staggering surge include the revival of the digital asset market and increased whale activity. As <\/span>CryptoPotato <\/span><\/em>reported<\/span><\/a>, a <\/span>certain<\/span> large investor recently bought 500B PEPE, rounding up their total holdings to 2 trillion tokens.\u00a0<\/span><\/p>\n

The post Ethereum\u2019s (ETH) Price Explosion, Ripple\u2019s (XRP) Next Targets, and More: Bits Recap May 9<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR ETH surged by 23% in 24 hours to over $2,400, sparking bullish predictions of $4K to even $25K. XRP jumped 9% daily to $2.40 amid optimism from the settlement between Ripple and the SEC, with analysts eyeing a potential breakout past $2.80 toward new all-time highs. PEPE skyrocketed by more than 50% weekly, hitting […]<\/p>\n","protected":false},"author":0,"featured_media":65118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-65117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/65117"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=65117"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/65117\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/65118"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}