XRP is back in the spotlight after surging 12% in the past 24 hours, now trading around $2.56. The token has outperformed Bitcoin and Ethereum. The rally is driven by short liquidations, rising demand around a potential XRP ETF, and improving overall market sentiment.
Market expert Ali Martinez said that if the current bull run continues, XRP could see another buying opportunity before a potential rally towards $6, a level not seen in years.
XRP Rally Gains Strength
XRP’s sharp price increase marks a strong comeback from the recent dip to around $2.15 earlier this week. The global cryptocurrency market cap now stands at $3.59 trillion, while Bitcoin has recovered to $106,000.
While trading volume is still lower than last week, leveraged positions are picking up, which could cause some short-term fluctuations. If the buying pressure continues, XRP could aim for the next targets around $2.60 and $2.70 in the coming days.
Market Winds: Economics, ETFs and Regulation
Various macroeconomic developments also act as a catalyst. US President Donald Trump announced a $2,000 stimulus dividend for Americans, which could inject new liquidity into the markets. At the same time, the U.S. Senate voted 60-40 in favor of a bill that would end the government shutdown, potentially boosting investor confidence.
On the policy front, Goldman Sachs expects multiple interest rate cuts by the Federal Reserve by 2026, which could support risky assets like crypto. Lower interest rates often lead to more capital being poured into digital assets as investors look for higher returns.
But the biggest catalyst for XRP’s momentum remains the growing discussion surrounding XRP Exchange Traded Funds (ETFs). Multiple XRP ETF registrations from Bitwise, Franklin Templeton and CoinShares are already listed on the DTCC platform, indicating that preparations for the launch are underway.
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