Ripple’s XRP Surges Back: Bulls Steal the Show Again
XRP has experienced a level of volatility not seen in years. After a notable dip, the digital asset briefly fell below $2, but then mounted a strong recovery.
Quick overview
- XRP experienced significant volatility, briefly falling below $2 before recovering to around $2.37.
- This marked the first time XRP dropped below $2 since June, causing market concern but leading to a quick rebound.
- The recent price fluctuations are reminiscent of past downturns, particularly the 2018 drop, but the recovery occurred much faster this time.
- Investors are optimistic about potential SEC approvals for spot XRP ETFs, which could drive prices higher in the near future.
Live XRP/USD Chart
XRP has experienced a level of volatility not seen in years. After a notable dip, the digital asset briefly fell below $2, but then mounted a strong recovery. Binance data indicated that XRP was initially trading above $2.8 before the significant crash.
The altcoin dropped below $2 for the first time since June, marking a sudden and steep fall that rattled parts of the market. However, this decline was temporary. After quickly recovering to above $2.40 and reaching a 24-hour high of $2.50, XRP is currently trading at $2.37.
The last comparable drop occurred in 2018 when XRP’s price fell from a previous peak above $3 to below $1. That downturn took years to recover from, as XRP didn’t reach $1 again until 2021 and remained below $3 until early 2025. In contrast, this week’s rebound happened within a single trading session. The pace of the recovery has drawn renewed attention to XRP’s strength and highlighted the persistence of “diamond-hand” investors during extreme volatility.
XRP’s trading history has been characterized by significant price fluctuations linked to both market cycles and regulatory changes.
The latest volatility, although brief, was a reaction to a broader market correction. Investors are anticipating a significant shift soon, particularly with the SEC’s potential approval of several spot XRP ETFs in the upcoming two weeks. Currently, the asset is trading just below $2.55, and the market expects a substantial surge when these products are released.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Save