XRP Surges 4%: What Is Going On?

Benzinga01-14

XRP (CRYPTO: XRP) is up 4% over the past 24 hours, supported by a broader crypto market rally and renewed ETF demand.What Happened: CrediBULL Crypto noted XRP has completed a triple-tap pattern that ...

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From here, price action suggests two scenarios:Either the move was a relief bounce that swept liquidity at the highs before resuming a local downtrend toward sub-$1.77 levels, or the pattern has formed a solid demand base with $1.77 acting as defended support, allowing dips to be bought for further upside.Given Bitcoin's strength and broader market context, the bias favours the second scenario implying looking for long opportunities on pullbacks, with expectations of continued expansion higher and a move toward untapped highs above.Mikybull Crypto noted that the XRP bull run isn't over yet. As long as price holds above the moving average, the trend remains intact and upside momentum stays in play.\n\nWhy It Matters: On the institutional side, Whale Insider reported ETF clients bought $12.98 million worth of XRP, lifting total ETF-held assets to $1.54 billion. The inflows highlight growing institutional interest.Separately, a draft from the Senate Banking Committee would classify XRP, Solana (CRYPTO: SOL), and Dogecoin (CRYPTO: DOGE) as commodities rather than securities, aligning their treatment with Bitcoin (CRYPTO: BTC).Image: Shutterstock$XRPRipple$2.15-0.84%Overview$BTCBitcoin$96361.801.03%$DOGEDogecoin$0.1480-0.10%$SOLSolana$146.320.62%Market News and Data brought to you by Benzinga APIs© 2026 Benzinga.com. Benzinga does not provide investment advice. 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