XRP is back in the spotlight after a strong 12% surge in the last 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 toward $6, a level not seen in years.
XRP Rally Gains Strength
XRP’s sharp price jump marks a strong comeback from its recent dip to around $2.15 earlier in the week. The global crypto market cap now stands at $3.59 trillion, while Bitcoin has recovered to $106,000.
Although trading volume is still lower than last week, leveraged positions are picking up, which could bring some short-term swings. If buying pressure continues, XRP could aim for the next targets around $2.60 and $2.70, in the next few days.
Market Tailwinds: Economy, ETFs, and Regulation
Several macroeconomic developments are also acting as catalysts. U.S. President Donald Trump announced a $2,000 stimulus dividend for Americans, which could inject fresh liquidity into markets. At the same time, the U.S. Senate voted 60-40 to advance a bill ending the government shutdown, potentially boosting investor confidence.
On the policy front, Goldman Sachs expects multiple Federal Reserve rate cuts by 2026, which could support risk assets like crypto. Lower interest rates often push more capital into digital assets as investors seek higher returns.
But the biggest catalyst for XRP’s momentum remains the growing talk around XRP exchange-traded funds (ETFs). Multiple XRP ETF filings from Bitwise, Franklin Templeton, and CoinShares — are already listed on the DTCC platform, suggesting launch preparations are underway.