XRP $XRP ( ▼ 2.28% ) surged roughly 11% on Tuesday, briefly touching $2.41 before pulling back to around $2.30 by late morning. The move pushed the token to its highest level since November, as broader market sentiment tilted risk-on across crypto.
Trading activity spikes alongside the rally
The price jump came with a sharp increase in activity. XRP’s 24-hour trading volume topped $9 billion, more than double the roughly $3.6 billion seen in the prior day. Year to date, XRP is now up about 25%, outperforming bitcoin $BTC ( ▼ 0.08% ) , ethereum $ETH ( ▼ 0.98% ) , and solana $SOL over the same period.
ETF flows continue to support prices
According to Adam Morgan McCarthy, senior analyst at Kaiko, ETF flows are playing a key role in supporting XRP’s recent strength. US-listed spot XRP ETFs have not recorded a single day of outflows since launching last year. On Monday alone, the funds saw $46.1 million in inflows, bringing cumulative inflows to $1.23 billion, per SoSoValue.
McCarthy noted that improved liquidity conditions tied to ETFs are helping drive the rally, though he cautioned that liquidity has been inconsistent in recent months. If liquidity thins again, it could limit how durable XRP’s current move higher turns out to be.