Recap of May 9: Soaring Prices of Ethereum (ETH), Future Projections for Ripple (XRP), and More

Ethereum (ETH) surged 23% within 24 hours, going beyond $2,400 and prompting analysts to predict a further increase, potentially up to $25K. Ripple's native token, XRP, also saw a significant rise, increasing 9% to $2.40 following a $50 million settlement between Ripple and the SEC.

This surge, coupled with an optimistic market, has prompted analysts to speculate about a potential breakout beyond $2.80. The coin PEPE also experienced substantial growth, increasing 50% over the week and reaching its highest price since January.

This surge is attributed to a rejuvenated crypto market and increased activity from large investors.