XRP Sees Impressive Recovery With Massive 37% Price Surge: Here’s Why

XRP Sees Impressive Recovery With Massive 37% Price Surge: Here’s Why

Ripple’s token has also surpassed BNB in ​​terms of market capitalization following its sublime rise.

It was just a few hours ago, less than a day, when we wrote about the spectacular collapse of XRP, when its value plummeted to $1.11 for the first time since before the US presidential election in late 2024.

This meant it had lost more than 50% of its value in a month when it peaked at $2.40 on January 6. Oh, how the landscape in crypto can sometimes change in hours, not even days or weeks.

What has happened to the price of XRP since that local low is nothing short of astonishing. There were some signs of a possible rebound, such as the plummeting RSI measure, but even the most vocal XRP bulls were likely surprised by the size of the rally.

After all, the cross-border token shot up 37% in about 18 hours – from the aforementioned low to $1.54 before encountering some resistance and now trading around $1.50. This still represents a 34% increase in less than a day.

Santiment also weighed on the token’s performance. The analysts also recognized XRP’s rise in terms of market capitalization as it now stands above BNB as the fourth largest crypto asset.

They blamed the massive price pump over the past few hours on overall network stability and growing activity on the XRP Ledger. Additionally, they showed a chart indicating that Ripple Whales were on an accumulation spree, with nearly 1,400 individual whale trades above $100,000 (the highest in four months).

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The ETF behavior will also be interesting to compare, but we would have to verify the data at the end of the trading day in the US. Preliminary data on SoSoValue shows a small net inflow even for yesterday, but there is no official confirmation yet, which is quite surprising.

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