XRP added over $9.5 billion to its market cap in 24 hours, rising from $123.13 billion on November 24 to $132.68 billion currently.
Over the same period, XRP price climbed 7.05% to $2.20, outperforming the broader crypto market’s 1.97% gain. While the weekly change remains modest at just +0.6%, the short-term surge signals renewed institutional interest.
XRP ETF launches
The upward move directly coincided with the launch of two new U.S. spot XRP ETFs, Grayscale’s GXRP and Franklin Templeton’s fund, which attracted $164 million in net inflows on their first day of trading (November 24).
This marked their second-strongest day since inception, building on demand already established by Canary Capital’s XRPC ETF, which now holds $306 million in assets. The ETF-driven exposure appears to be providing liquidity support and locking up tokens in custodial assets, which could ease sell pressure over time.
The XRP market cap chart shows a steep market cap acceleration beginning around midday, followed by a consolidation phase with relatively stable valuation overnight. Despite some softening toward the late trading session, XRP managed to retain most of its gains. Daily trading volume surged over 51.5% to $6.34 billion, reflecting heightened engagement across short-term traders and institutional flows.
From a technical perspective, momentum indicators ahead of the rally suggested a bullish setup, including a golden cross and RSI divergence, which helped fuel the initial breakout. However, the price has been met with resistance above $2.23, and the late-session cooldown may be linked to profit-taking. Notably, whale addresses offloaded 180 million XRP ($396 million) during the rally, per data cited by analyst Ali Martinez. That selling was counterbalanced by increased retail activity, reflected in a 12% rise in XRP’s social dominance.
The ability to sustain levels above $2.20 remains pivotal. Failure to maintain this threshold could trigger a correction, particularly given signs of MACD divergence and elevated volume-to-market-cap ratio (4.78%), often observed during euphoric top formations.
