XRP Price Rises 5% Amid Market Recovery, Outpaces Bitcoin and Ethereum

After a turbulent week with a loss of over $1 trillion in crypto market capitalization, recovery signs are appearing, led by XRP with nearly a 5% rise to $2.31. In contrast, Bitcoin and Ethereum remain under pressure.

  • Ripple's strategic partnership with Mastercard and a recent $500 million investment round bolster XRP's strength.
  • The collaboration involves testing real credit card transactions on a public blockchain via Ripple’s RLUSD stablecoin.
  • Speculation about a potential BlackRock XRP ETF was fueled by comments from BlackRock’s Director of Digital Assets, suggesting significant institutional interest.
  • Ripple's valuation has reached $40 billion after funding from firms like Fortress Investment Group and Citadel Securities.

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XRP On-Chain Growth

  • More than 1.4 billion XRP tokens have been withdrawn from exchanges since September, the fastest accumulation since 2022.
  • Network activity increased significantly, with over 21,000 new wallets created in 48 hours.
  • This indicates reduced exchange supply and growing confidence among XRP holders.

If XRP maintains support above $2.30, analysts foresee a potential move toward the $2.60–$3.00 range. As Bitcoin and Ethereum consolidate, XRP's increasing utility and corporate adoption might signal a new leadership phase in the upcoming crypto cycle.