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    Why XRP Is Going Up Today: Rising ETF Demand Boosts Investor Confidence

    • currency-symbol XRP $ 2.10 (3.56%) top gainer
    Story Highlights
    • XRP jumps as newly launched spot ETFs attract massive $85 million trading volume quickly.

    • Strong whale accumulation through multi-million transfers signals rising confidence in XRPโ€™s upward trend.

    • Analysts predict XRP could reach $3.50 fueled by increasing ETF demand and inflows.

    XRP price jumped nearly 10% today, pushing the price close to $2.30. Meanwhile, this rise came at a time when most top cryptocurrencies are still struggling to recover from last weekโ€™s drop.

    So, what exactly pushed the XRP price up today?

    XRP ETF Inflows Hit $85 Million: 

    The biggest driver behind todayโ€™s rally came from the newly launched spot XRP ETFs, which officially began trading on November 24, followed by other XRP ETF applicants Bitwise and Canary.

    By the end of Mondayโ€™s trading session, the four XRP ETFs together recorded more than $85 million in volume, showing that both institutions and retail traders are taking XRP seriously as a long-term investment asset.

    Whale Movement Signals Quiet Accumulation

    Another factor fueling the rally is noticeable whale activity. On-chain trackers recently spotted two major transfers:

     โ€ข A $33.6 million XRP transfer into Coinbase
    โ€ข A massive $73.1 million transfer into a newly created wallet

    Large Whales usually move like this when they expect bigger upside ahead. Their accumulation adds confidence and reduces selling pressure, giving XRP room to climb.

    Global Recognition Strengthens XRPโ€™s Position

    Rippleโ€™s growing global presence is another reason behind XRPโ€™s recent price pump. Coinpedia news reported that SBI Groupโ€™s CEO confirmed that the company owns about 9% of Ripple, calling XRP a key bridge for cross-border money movement between the U.S. and Asia. 

    Even discussions within BRICS about advanced settlement systems align closely with XRPโ€™s design.

    This global acceptance gives traders a bigger picture: XRP is not just a token; itโ€™s becoming a recognized cross-border payment tool.

    XRP Price to Hit $3.5 Next

    Now, XRP has finally bounced from the bottom of that wedge and is moving up again after breaking the key resistance level of $2.06. If this move continues, the next big step would be a breakout from the wedge, and in the past, this pattern has often led to strong rallies.

    XRP Price chart

    The analyst says that if the breakout is clean, XRP could rise quickly toward $3.50, which is marked as the most realistic target.

    Another reason this target looks possible is the growing demand from ETFs. Right now, 6 XRP ETFs are already live, and 13 more are preparing to launch, meaning more money could flow into XRP in the coming weeks, boosting demand and price.

    Never Miss a Beat in the Crypto World!

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    FAQs

    Why is XRP price rising today?

    XRP is rising mainly due to strong inflows into newly launched XRP ETFs, increased whale accumulation, and growing global interest in Rippleโ€™s payment network.

    Are whales accumulating XRP right now?

    Yes. Recent large transfers suggest quiet accumulation by major holders, which often reflects expectations of higher prices and reduced selling pressure.

    What is driving long-term confidence in XRP?

    Rippleโ€™s expanding global partnerships and recognition of XRP as a cross-border payment asset help build long-term trust and attract new investors.

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