XRP to the moon? XRP adds $9 billion overnight

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XRP added over $9.5 billion to its market cap in 24 hours, rising from $123.13 billion on November 24 to $132.68 billion currently.

Over the same period, XRP price climbed 7.05% to $2.20, outperforming the broader crypto market’s 1.97% gain. While the weekly change remains modest at just +0.6%, the short-term surge signals renewed institutional interest.

XRP 1-day price chart. Source: Finbold

XRP ETF launches

The upward move directly coincided with the launch of two new U.S. spot XRP ETFs, Grayscale’s GXRP and Franklin Templeton’s fund, which attracted $164 million in net inflows on their first day of trading (November 24). 

This marked their second-strongest day since inception, building on demand already established by Canary Capital’s XRPC ETF, which now holds $306 million in assets. The ETF-driven exposure appears to be providing liquidity support and locking up tokens in custodial assets, which could ease sell pressure over time.

The XRP market cap chart shows a steep market cap acceleration beginning around midday, followed by a consolidation phase with relatively stable valuation overnight. Despite some softening toward the late trading session, XRP managed to retain most of its gains. Daily trading volume surged over 51.5% to $6.34 billion, reflecting heightened engagement across short-term traders and institutional flows.

XRP 24 hour market cap chart. Source: CoinMarketCap

From a technical perspective, momentum indicators ahead of the rally suggested a bullish setup, including a golden cross and RSI divergence, which helped fuel the initial breakout. However, the price has been met with resistance above $2.23, and the late-session cooldown may be linked to profit-taking. Notably, whale addresses offloaded 180 million XRP ($396 million) during the rally, per data cited by analyst Ali Martinez. That selling was counterbalanced by increased retail activity, reflected in a 12% rise in XRP’s social dominance.

The ability to sustain levels above $2.20 remains pivotal. Failure to maintain this threshold could trigger a correction, particularly given signs of MACD divergence and elevated volume-to-market-cap ratio (4.78%), often observed during euphoric top formations.

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