Ethereum (ETH) climbed above $2,900 on Thursday, mimicking the rally seen in Bitcoin. Amid the influence of the top cryptocurrency, strong buying pressure across ETH exchange-traded funds (ETFs) and crypto treasury companies have also pushed up ETH's price.
Ripple (XRP) extends recovery, building on the bullish momentum that followed the Israel-Iran ceasefire. XRP is up over 15% from the weekend sell-off low of $1.90, currently trading at around $2.21 at the time of writing on Wednesday.
Ripple (XRP) faces increasing downside pressure as it trades slightly above $2.00 at the time of writing on Monday. The sell-off over the weekend followed United States (US) strikes on Iran on Saturday, triggering massive liquidations.