XRP Climbs by 5.24% on ETF Launch Optimism
Ripple (XRPUSD) surged by 5.24% in 24 hours as positive sentiment triggered a fresh rally in the cryptocurrency market on Tuesday, fueled by its ETF launch.
XRP has seen sharp daily gains after sell pressures across crypto names dragged global market cap to $3 trillion. XRP navigates market turbulence with staking debates and ETF inflows while whales signal confidence.
In the past 24 hours, the market value of all crypto assets has climbed by 2.6% to $3.18 trillion, driven by gains in top 1 digital assets, including Bitcoin, Ethereum, XRP, and others.
The crypto market advanced from oversold conditions despite lingering fear. Today’s gains reflect a tactical rebound fuelled by spot accumulation and exchange-driven optimism, though macro risks (ETF outflows, NASDAQ correlation (-0.41) persist.
XRP’s latest rally has reduced its seven-day losses to around 7% with a total trading volume of $6.239 billion in 24 hours. The rally aligns with spot XRP ETF launches and bullish whale activity.
Trading at $2.24, XRP market value settled above $134 billion at the press time. The market expects four XRP ETFs to be launched this week, indicating a surge in institutional interest and possibly bringing billions in investment to the XRP market.
However, holders are hoping the wave of exchange-traded funds will help restore bullish momentum to XRP. Following the launch of the first spot-XRP ETF by Canary Capital on Thursday, four more ETFs from Franklin Templeton, Bitwise, 21Shares and CoinShares are days away from launch.
Canary Capital’s ETF marked the most successful first-day performance for U.S. ETFs in 2025. The crypto market’s 7-day RSI hit 21.4 – the most oversold since March 2025—while perpetual funding rates turned positive (+0.0065%) after weeks of negativity.
On Monday, XRP came under heavy sell pressure, hovering around $2.18 after several weeks of gradual decline. Even with the latest rally, the trend remains weak, with lower highs forming and buyers showing hesitation across the board.
Crypto analysts maintained that the staking proposal and regulatory clarity position XRP for utility-driven growth, but price recovery depends on defending key liquidity zones. GTCO Rises Softly, Investment Firm Sets N110 as Target Price
