Ripple Surges 20% as Crypto Market Sentiment Shifts to Greed

Ripple's price has surged over the past few days, breaking above $1.16 on Thursday and reflecting a steady growth in risk-on sentiment. Since Monday, the cross-border remittance token has increased by more than 20%, according to data available at time of writing.

This uptrend comes amidst a broader crypto market sentiment shift, with the Fear & Greed Index reporting an upward roll at 62 on Thursday, up from 46 the previous day. The index measures the balance between fear and greed in the market, with higher numbers indicating increased speculation and risk-taking.

The South Korean Producer Price Index Growth (YoY) declined to 7.7% in July from a previous high of 8.6%, which may be contributing to the increased risk-on sentiment. However, this is not directly related to Ripple's price action, as the token's growth appears to be driven by other factors.