XRP price news: Rockets 11% as Ripple ETFs record highest trading volumes
XRP surged 11% to nearly $2.40 due to strong ETF inflows and decreasing token availability on exchanges.Summary
XRP experienced a significant price increase, jumping 11% to almost $2.40 on Tuesday. This rally is attributed to substantial inflows into spot XRP ETFs in the U.S., which have collectively surpassed $1 billion since their launch in November. Monday alone saw $48 million in inflows, and several ETFs recorded their highest single-day trading volumes. On-chain data indicates a decline in XRP held on exchanges, suggesting reduced selling pressure. The positive momentum also coincides with a broader shift in market sentiment, fueled by expectations of a more favorable U.S. regulatory environment, particularly following the departure of SEC Commissioner Caroline Crenshaw. The breakout above a key resistance level is attracting further buying, but maintaining levels above $2.28-$2.32 will be crucial for sustained gains.
(Source：CoinDesk)