Key Takeaways
- XRP surged 8% in 24 hours amid a market rebound.
- Bitcoin’s recovery and US government developments may be fueling optimism.
- SEC decisions on XRP ETFs could push prices higher toward $2.71 by month-end.
- Volatility remains high; investors should prepare for sudden market swings.
Ripple’s XRP token is showing renewed strength, climbing 8% in the last 24 hours as the broader crypto market recovers. According to CoinGecko, XRP has gained 1.4% in the past week, 0.8% over the month, and a staggering 325.8% since November 2024. Despite this rally, short-term charts show a 6.9% dip over the last 14 days, highlighting the market’s continued volatility.
Market Rebound Fuels XRP Rally
XRP’s surge coincides with a broader cryptocurrency rebound. Bitcoin (BTC) reclaimed the $106,000 level after briefly dipping to $99,000 earlier this month. Analysts attribute the recovery in part to news that the US government shutdown is nearing its conclusion, easing investor uncertainty. President Trump indicated that more clarity on the shutdown’s end would be forthcoming, potentially boosting market confidence.
Also Read: XRP Price Setup Hints at Explosive Short Squeeze: Is a 100% Rally Next?
Additionally, XRP may be responding to the Federal Reserve’s recent interest rate cut. While the crypto market initially remained muted following the cut, economic warnings from Fed Chair Jerome Powell about slow growth and rising inflation could be tempering investor optimism.
XRP ETF Approval Could Trigger Further Gains
Looking ahead, Ripple investors are closely watching the SEC’s upcoming decisions on XRP exchange-traded funds (ETFs). An approval could provide a major catalyst, potentially sparking a significant price rally. CoinCodex analysts forecast XRP could reach $2.71 by November 30, 2025, implying a 10.16% increase from current levels. However, the platform cautions that breaching the $3 mark in the near term is unlikely given ongoing global economic fragility.
Also Read: XRP ETFs Approved Soon? What It Means for Ripple and Investors
Volatility Remains a Key Risk
Despite bullish signals, the crypto market remains highly volatile. Short-term corrections are possible, especially in response to unexpected economic news or regulatory developments. Traders should weigh potential rewards against risks and remain alert to sudden swings.
Conclusion
XRP’s recent rally underscores its potential for short-term gains, but cautious optimism is warranted. ETF approvals and macroeconomic factors could define the next leg of its price movement. Investors should watch the market closely for opportunities while managing risks effectively.
