#XRPETFIncoming? XRP, the cryptocurrency associated with Ripple, has recently experienced significant market activity. As of January 31, 2025, XRP is trading at approximately $3.08, with an intraday high of $3.15 and a low of $3.06.

In recent weeks, XRP’s price surged by 50%, reaching levels above $3 for the first time in seven years. This rally has elevated XRP’s market capitalization to $176.75 billion, making it the third-largest cryptocurrency by market cap. The surge is attributed to increased trading volumes and speculation surrounding a potential spot ETF approval for XRP. 

Despite a $40 million outflow from the spot market, traders remain optimistic, as indicated by a long/short ratio above 1. This suggests that many expect XRP’s price to continue rising.