ETH, on the other hand, has outperformed other cryptocurrencies, experiencing a 1.73% increase in value. Currently, it is trading at $1,909. Analysts predict that if ETH surpasses yesterday’s peak, it has the potential to reach the crucial zone of $2,000 by mid-November.
XRP has also shown significant growth, following a bullish closure yesterday. The cryptocurrency has surged by almost 12% and is currently being traded at $0.7230. If today’s bar closes without a long wick, XRP could potentially test the $0.80 mark by the end of this week.
These positive trends in the cryptocurrency market are indicative of the overall bullish sentiment. Major digital currencies are gaining momentum, and investors are optimistic about their future prospects.
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