XRP Surges to $2.18 as ETF Speculation and Market Recovery Fuel Rally

XRP has bounced back strongly after facing a steep decline last week that nearly pushed its price below $1. The token, which had fallen to a monthly low of $1.64 amid a broader crypto market sell-off, has since recovered, supported by renewed investor confidence and market stabilization. As of now, XRP is trading at $2.18, reflecting a 2.31% gain in the past 24 hours and a notable 12.11% increase over the last seven days, according to CoinMarketCap.

The earlier drop in price was accompanied by a sharp fall in trading volume, intensifying fears of a prolonged bearish trend. However, volume has now returned to healthier levels, signaling a potential reversal and stronger interest from traders. Much of the renewed optimism surrounding XRP is being fueled by growing speculation about the launch of XRP exchange-traded funds (ETFs), with major financial institutions like BlackRock and Fidelity rumored to be considering involvement.

This bullish narrative, combined with the overall recovery of the crypto market, is helping XRP regain momentum. The possibility of institutional participation through XRP ETFs could act as a major catalyst for future growth, attracting both retail and professional investors. As sentiment continues to shift positively, XRP holders are hopeful that the token’s recent gains mark the beginning of a broader upward trend. Investors are now closely watching for further developments that could solidify XRP’s position above key resistance levels.