XRP Price Surges to $1.60 Amid Broader Altcoin Strength

XRP's price surged 4% to $1.60 in 24 hours, outperforming both Bitcoin and the broader crypto market.

The altcoin strength index, which compares major altcoins with Bitcoin over a rolling 90-day period, rose 54.55% to 52, indicating broader strength among altcoins, though it still falls short of the threshold for 'altcoin season' at 75.

Ash Crypto, a crypto commentator, has predicted XRP's price target at $10, calling the current market the start of the 'biggest bull run in crypto history.'

XRP reserves on Binance have reached their highest level since June at around 2.68 billion tokens, while average daily XRP deposits on Binance have increased by 663% above their quarterly baseline.