XRP Climbs As Ex-Ripple CTO Says Token Could Top Bitcoin

XRP Climbs as Ex-Ripple CTO Says Token Could Top Bitcoin

Ripple XRP price inched up by more than 1% in 24 hours, aligning with broader recovery in the crypto market on Saturday, driven by exchange-traded fund (ETF) inflows.

XRP was trading near $1.3672 on Saturday after fluctuating within the mid-$1.30 range during recent sessions. The token’s trading volume is up 28% in 24 hours to $3.2 billion as investors re-entered positions after a mild sell-off.

Broader market sentiment is soft. The global cryptocurrency market cap is modestly recovering, with total market capitalisation up 1.07% to $2.64 trillion over 24 hours. 

Bitcoin is holding steady around $77,287, up 0.60%, while Ethereum is up 2.88% to $ 2,513.  The market lost 4% over 24 hours on Friday as hotter inflation data and expectations of tighter US monetary policy weakened demand for risk assets.

Traders are closely monitoring XRP trading between $1.31 and $1.34. Holding this area could support a recovery towards $1.40–$1.50, while a decisive breakdown may expose XRP to further losses towards $1.25–$1.22.

Meanwhile, Ripple announced an expansion of its enterprise treasury platform involving governed artificial intelligence, XRP and the RLUSD stablecoin.