XRP’s price saw a sharp rise in Friday’s session, surging from a low of $1.77 to $1.92 to reverse an earlier two-day drop. Optimism surrounding XRP ETFs, which have sustained 31 days of inflows, as well as recent Ripple developments have contributed to a positive sentiment in XRP price. XRP is extending its price increase into the second day, reaching an intraday high of $1.957 early Saturday. At the time of writing, XRP was up 2.73% in the last 24 hours to $1.91 despite low trading volume.

The recent price move has pushed it near the $2 mark, having reached a high of $1.95 on Friday, but traders still seem to be taking a wait-and-see approach with XRP trading volume declining by as much as 42%. XRP trading volume has dropped by 42% in the last 24 hours to $2.8 billion, according to CoinMarketCap data. XRP has marked a double bottom pattern at the $1.77 low, a confirmation of this will be watched in the coming days for a potential XRP rally.

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