XRP Price Today: XRP Hits $2.44 with Over 8% Daily Surge—What’s Driving the Rally?
XRP surged over 8% to $2.44, driven by optimism surrounding potential U.S. spot XRP ETF approvals and infrastructure readiness.Summary
The XRP price experienced a significant rally, hitting $2.44 with an over 8% daily surge, fueled by strong buying volume and bullish sentiment. Key catalysts include growing optimism over potential spot XRP ETF approvals in the U.S., as several issuers have filed amendments triggering SEC review windows. Furthermore, market infrastructure readiness is boosting confidence, evidenced by nine spot XRP ETFs appearing in DTCC listings, signaling preparation for institutional settlement. Ripple's recent $500 million strategic funding round at a $40 billion valuation, backed by major firms, also reinforced institutional confidence in its expanding ecosystem. Analysts are watching if XRP can sustain momentum above $2.40, with price predictions ranging from $5 to $10 based on regulatory clarity and continued institutional adoption.
(Source：Brave New Coin)