Ripple’s XRP is currently witnessing a strong rebound marked by a noticeable surge in both prices and trading volumes.
This momentum follows the debut of the first US-based XRP ETF. This is a development that has helped awaken investors’ attention and helps to alien emotions from recent market fears, including those driven by tariff concerns.
According to CoinmarketCap, XRP trading volume has risen 37.92% to over $8.92 billion as of the last 24 hours.
In addition to this surge in activity, XRP prices have also increased by 10.46%, and are currently trading at $2.05. This represents a potential bullish comeback as investors grow more and more optimistic about XRP’s long-term potential.
XRP MMICS XXRP ETF trading patterns
XRP’s trading volume spikes reflect that of XXRP’s XXRP, which recorded what analysts call a “very respectable” debut.
This is the first XRP ETF launched in the US, but represents a major milestone for both Ripple and the broader cryptocurrency market.
The XXRP ETF saw trading volumes of over $5 million on the first day, suggesting that the institutional appetite for XRP-based investment products is gaining traction. The ETF design is based on swaps that reflect XRP performance rather than directly held, and appears to be sufficient to induce updated activity in the spot market.
Following this impressive start, market participants are looking at further institutional adoption and anticipating the launch of additional XRP-based ETFs in the near future.
XRP overcomes resistance after volatile weeks
Despite positive momentum, XRP had previously struggled with price volatility. Over the past week, tokens have fallen 4.47%, facing strong resistance at the $1.80 mark and have not been able to break through multiple times.
However, the successful launch of the ETF has updated optimism among traders and analysts, many of whom are currently publishing bullish long-term price forecasts for XRP.
The surge in volume and prices suggests that this could be a turning point for Altcoin, as this positions itself for greater adoption and institutional support.
