Why is the Crypto Market Going Up Today? XRP Price Hits $3, ETH Rallies

The crypto market is seeing strong upward movement today, with prices climbing across major coins. In the past 24 hours, the total market capitalization has grown to around $3.83 trillion, rising by 2.75 percent.  Ethereum is also making headlines, jumping nearly 6 percent in one day. It’s now trading at $3,821 with a market cap of $461 billion. Experts are now looking for a possible break above $4,000, which could lead to a push toward $4,400 or higher.

One of the biggest headlines of the day comes from Ripple. Ripple has agreed to acquire stablecoin platform Rail in a deal worth $200 million. The move is seen as part of Ripple’s wider push into the stablecoin market and payments infrastructure. Following the news, XRP has jumped over 3 percent in 24 hours and is now trading at $3.04.

Some analysts say this could push XRP even higher, especially if the acquisition leads to new partnerships or regulatory clarity.

Bitcoin is currently trading at $116,474, up nearly 2 percent. Though its pace is slower compared to altcoins, Bitcoin remains strong with a market cap of over $2.3 trillion. A clean break above $120,000 could attract fresh buying interest.

Across the market, other top altcoins are also starting to rise. Solana has climbed to $170, Dogecoin is now above $0.21, and Cardano is trading at $0.76. Sui has surged to $3.72, and Chainlink is sitting at $17.62 with a strong 7 percent gain today.

The Fear and Greed Index is at 54, showing a neutral sentiment. However, the rising interest in altcoins is pushing the Altcoin Season Index up to 36, hinting that more traders are exploring tokens beyond Bitcoin.