XRP surpassed $2 for the first time since mid-December, driven by steady ETF inflows and a favorable U.S. regulatory outlook. U.S. spot XRP ETFs saw inflows of $13.59 million on Jan. 2, totaling $1.18 billion since launch. The departure of SEC Commissioner Caroline Crenshaw is seen as potentially paving the way for more crypto-friendly policies.
The move also comes as traders reassess the regulatory backdrop, with some market participants viewing it as clearing the way for a more crypto-friendly policy stance, and traders pointing to a possible Market Structure Bill markup on Jan. 15, which has kept policy expectations elevated into the first quarter and contributed to the token’s outperformance. XRP’s strength stood out against mixed flows in other major crypto ETFs. XRP was last trading just over $2, up around 8%, while bitcoin hovered just over $90,000 and ether traded around $3,000, both only modestly higher on the day.
Leave a Reply