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While the broader crypto market remains largely flat with a negligible 0.13% uptick to $3.33 trillion, XRP has emerged as a standout performer. Defying market trends and legal overhangs from the Ripple vs SEC case, XRP price surged 3.24% intraday to hit $2.24.
Curious about how the price could perform next? Then you need to stick to this piece of work, as I will be briefing you about why XRP is going up today. And will also give you a short-term price analysis.
Top Reasons Why XRP Price Is Surging Today
1. Purpose XRP ETF Launch Boosts Exposure
The launch of Canada’s first spot XRP ETF by Purpose Investments has opened new doors for traditional investors to gain regulated exposure to this token. Trading under XRPP (CAD‑hedged), XRPP.B (CAD), and XRPP.U (USD) on the Toronto Stock Exchange. The ETF is eligible for tax-advantaged accounts like TFSA and RRSP. Which significantly improves accessibility and demand.
2. On-Chain Metrics on the Rise
A dramatic rise in Ledger activity has been noted, with daily active addresses rising to 295,000 from a prior 3-month average of 35,000–40,000. This surge in user activity hints at growing interest and potential adoption, aligning with broader utility and sentiment growth.
3. Whale Accumulation at Record Levels
It is worth noting that the institutional and large investor confidence is evident, as over 2,700 wallets now hold 1 million or more tokens. We’ve not seen this level of whale accumulation in previous months, and it reflects growing conviction among high-net-worth players.
XRP LIVE Chart:
XRP price is currently changing hands at $2.24, up 3.24% in the past 24 hours, with a market cap of $132.37 billion and a 24-hour trading volume of $5.25 billion. The price has come to current levels after brushing an intraday high of $2.34 and a low of $2.18.
The 4-hour chart indicates that token is now hovering just below a critical resistance zone between $2.35 and $2.40. I am confident that a successful breakout above this level could pave the way for a stronger upward move. Contrarily, immediate support lies between $2.12 and $2.14.
Taking indicators and tools into account, Bollinger Bands suggest increased volatility, while the RSI reading of 54.70 reflects neutral momentum, though leaning slightly bullish. As long as XRP maintains support and demand continues to rise from ETF inflows and whale activity, the altcoin may test higher resistance levels in the near term.
Keen on long-term price forecast? Read our Ripple XRP Price Prediction 2025, 2026-2030!
FAQs
Not directly. Despite ongoing legal delays, XRP’s surge is attributed more to the ETF launch, on-chain activity, and whale accumulation.
The next key resistance zone is between $2.35 and $2.40, as indicated on the chart.
If on-chain activity and institutional interest continue rising, and the ETF inflows remain strong, the altcoin may sustain or even extend gains above $2.40.
XRP is a cryptocurrency, built on the XRP ledger, which is a decentralized open-source blockchain.
