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The US CPI data has positively impacted the overall crypto market, but Ripple’s native token is on the run again, tapping a new multi-year peak.XRP entered the new year at $2.1 after the crash that transpired at the end of 2024, which pushed it south to just under $2. It bounced off in the following days and challenged $2.5 on a couple of occasions before it was ultimately rejected.
As reported on Monday, the asset dumped hard to $2.33, but its decline was a lot less painful compared to the rest of the market.$2.9 to mark a new 7-year high, only to break it a few hours later. Just minutes ago, it went on the run once again, this time tapping $3 for the first time since January 2018.
The next mark in sight is the all-time high registered back then of $3.4 . This rally comes on the heels of massive whale accumulations, as well as other possible reasons which we have discussed Popular crypto analyst Ali Martinez outlined another growing part of the overall Ripple ecosystem. He noted that the number of massive transactions with value of over $1 million has hit 341 in the past 24 hours, which is a substantial increase compared to the previous days.It’s worth noting that XRP’s latest surge came just a few hours after the US CPI numbers came out.
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