XRP recorded a strong upward move in the past 24 hours, rising 12% to trade at $2.53. During the same period, market capitalization increased from $135.83 billion to $152.41 billion, reflecting approximately $16.6 billion in new inflows.
Trading volume also climbed to $4.98 billion, up 91% day-over-day. As a result, XRP significantly outperformed the broader cryptocurrency market, which gained 4.94% on the day.
Why is XRP price up today?
A primary factor behind the rally is renewed progress toward XRP spot exchange-traded funds (ETFs). Five proposed XRP ETFs from issuers including Bitwise and Franklin Templeton appeared on the DTCC’s “active and pre-launch”list.
This development indicates that issuers have completed key operational and clearing preparations. Although this does not guarantee SEC approval, it suggests that products are structurally ready if approval is granted. In addition, Canary Capital’s CEO pointed to November 13 as a realistic window for possible launch activity.
Meanwhile, broader macro conditions shifted in favor of risk assets. The U.S. Senate passed legislation to prevent a government shutdown, ensuring continuity in regulatory review processes, including ETF evaluations.
At the same time, discussion around the proposed “tariff dividend” contributed to improved market sentiment, even though the Treasury later clarified that the measure may take the form of tax adjustments rather than direct stimulus. Consequently, liquidity and confidence conditions strengthened across digital assets.
XRP price prediction and key technical levels to monitor
On the technical side, XRP broke above the 23.6% Fibonacci retracement level at $2.55, supported by elevated trading volume. The Relative Strength Index currently ranges between 45 and 49, which suggests upward momentum remains available without approaching overheated territory. As a result, traders are now observing $2.46 as the nearest support and $2.69 as the next meaningful resistance level.
Looking ahead, on-chain analyst Ali Martinez noted that XRP continues to form a bullish flag on the higher timeframe chart. According to Martinez, a controlled pullback toward $1.90 may finalize the pattern structure. If this scenario plays out and a breakout confirms, the technical projection indicates a potential move toward $10 in the medium term.
