The capitalization of the XRP ripcurrency increased by $ 9.5 billion in just one day

The cryptocurrency XRP XRP $2.19 XRP 0.51% Market capitalization $132.33 billion VOL. 24 hours $0.26 billion has risen sharply in value, adding more than $ 9.5 billion to its market capitalization in just one day. According to Finbold, the figure has risen from $ 123.13 billion on November 24 to $ 132.68 billion as of the current moment. During this time, the XRP price increased by 7.05% and reached $ 2.20, significantly outpacing the average growth of the crypto market, which added only 1.97%. Despite a slight weekly increase of 0.6%, the short-term jump indicates a return of institutional interest in the token.

The rise in XRP’s value coincided with the launch of two new spot ETFs in the United States — Grayscale GXRP and the Franklin Templeton fund. On their first day of trading, November 24, they attracted $ 164 million in net inflows. This was the second strongest day since the start of trading, after which demand supported Canary Capital’s existing XRPC ETF, which currently has $ 306 million in assets. Analysts note that interest in the ETF creates additional liquidity and at the same time removes some tokens from free circulation, which may reduce selling pressure in the future.

XRP’s market capitalization rose sharply on the afternoon of November 24, after which it entered a stabilization phase. Despite a slight decline at the end of the trading session, the asset retained most of its gains. The daily trading volume increased by 51.5% to $ 6.34 billion, indicating increased activity from both retail investors and large institutions.

Technical indicators prior to the growth pointed to a bullish scenario — in particular, the appearance of a golden cross and RSI divergence were recorded. These signals became the catalysts for the breakout, but the price met resistance in the $ 2.23 zone, after which the market partially cooled due to profit-taking. According to analyst Ali Martinez, during the rally, large wallets sold about 180 million XRP worth $ 396 million, but this pressure was offset by the activity of small investors — the level of «social dominance» of the token increased by 12%.

Experts emphasize that the key level for maintaining the upward trend is $ 2.20. If XRP fails to stay above this level, a correction is possible, given the MACD divergence signals and the high volume-to-capitalization ratio (4.78%), which is often recorded near market peaks.