XRP is back in the spotlight after a strong 12% surge in the last 24 hours, now trading around $2.56. The token has outperformed Bitcoin and Ethereum. The rally is driven by short liquidations, rising demand around a potential XRP ETF, and improving overall market sentiment.
Market expert Ali Martinez said that if the current bull run continues, XRP could see another buying opportunity before a potential rally toward $6, a level not seen in years.
XRP’s sharp price jump marks a strong comeback from its recent dip to around $2.15 earlier in the week. The global crypto market cap now stands at $3.59 trillion, while Bitcoin has recovered to $106,000.
Although trading volume is still lower than last week, leveraged positions are picking up, which could bring some short-term swings. If buying pressure continues, XRP could aim for the next targets around $2.60 and $2.70, in the next few days.
Several macroeconomic developments are also acting as catalysts. U.S. President Donald Trump announced a $2,000 stimulus dividend for Americans, which could inject fresh liquidity into markets. At the same time, the U.S. Senate voted 60-40 to advance a bill ending the government shutdown, potentially boosting investor confidence.
On the policy front, Goldman Sachs expects multiple Federal Reserve rate cuts by 2026, which could support risk assets like crypto. Lower interest rates often push more capital into digital assets as investors seek higher returns.
But the biggest catalyst for XRP’s momentum remains the growing talk around XRP exchange-traded funds (ETFs). Multiple XRP ETF filings from Bitwise, Franklin Templeton, and CoinShares — are already listed on the DTCC platform, suggesting launch preparations are underway.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Tomorrow’s Federal Open Market Committee (FOMC) decision has emerged as a critical turning point for…
Cardano’s price has drawn fresh attention after staging a strong rebound from recent lows below…
Ozak AI is becoming one of the most influential early-stage tokens in the crypto market,…
After their remarkable performances in Q4 2024, many analysts and investors were expecting XRP and…
New reports from mainland China show that regulators are increasing scrutiny of virtual currencies, with…
In early January 2025, Polygon Labs announced a partnership with Reliance Jio, India’s largest telecom…
