On Monday, the cryptocurrency market experienced a notable increase, with Bitcoin rising by 2% to break the $70k barrier. Following a slow weekend, this resurgence in recovery sentiment positively impacted major altcoins, with Ethereum and Solana seeing over 3% gains, trading at $3383 and $190 respectively. The XRP price analysis saw a 1.5% increase, pushing its value over $0.6. While the overall market trend appears bullish, the forthcoming token release from the escrow wallet could place additional supply pressure on XRP.