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XRP News Today: XRP Defies the Trend: Negative Outlook Clashes with ETF Optimism in a Bullish Faceoff

XRP News Today: XRP Defies the Trend: Negative Outlook Clashes with ETF Optimism in a Bullish Faceoff

Bitget-RWA2025/10/24 22:08
By:Bitget-RWA

- XRP rebounds to $2.45 amid nine-month sentiment low, signaling potential 12% gains as contrarian bullish indicator. - Crypto market capitalization surges 4% to $3.76T, driven by Pepeto's $700K giveaway and 221% staking rewards. - Pending XRP ETF applications from CoinShares/Bitwise could unlock $5-8B inflows, mirroring Ethereum's 2025 ETF-driven rally. - EverNorthXRP's $1B raise and Ripple's RLUSD growth highlight institutional confidence in XRP's DeFi and capital market integration.

Recent trading sessions have brought a significant recovery to the cryptocurrency sector, with

, , and all beginning to stabilize despite ongoing market turbulence. XRP is currently valued at $2.45, hitting its lowest sentiment point in nine months—a level that has historically signaled a bullish reversal, according to . The token’s performance against has steadied, and technical analysis points to a possible 12% increase before the month concludes, as noted in the same report. In the wider market, total capitalization has jumped 4% to $3.76 trillion, fueled by increased liquidity and renewed investor interest, as outlined in . This market upswing has paralleled notable announcements from new projects such as Pepeto (PEPETO), which has launched a $700,000 community giveaway and offers staking rewards with annual yields up to 221%, according to Decrypt.

XRP News Today: XRP Defies the Trend: Negative Outlook Clashes with ETF Optimism in a Bullish Faceoff image 0

XRP’s recent pullback to $2.45 has caught the eye of both traders and analysts. Data from Santiment reveals that positive sentiment toward XRP is at its lowest in nine months, as reported by Benzinga. Many retail investors have been selling at a loss, creating a contrarian setup as the price moves counter to the dominant mood. XRP’s foundation is strengthened by EverNorthXRP’s $1 billion treasury fundraising, supported by SBI Holdings and Ripple, which is closely linked to institutional adoption of XRP, according to

. The collaboration with Armada Acquisition Corp II has further positioned the project to capitalize on opportunities in DeFi and capital markets, Benzinga adds.

Experts highlight that pending spot XRP ETF filings from companies such as CoinShares, Bitwise, and Grayscale could be a major driver for price recovery, as noted by Crypto.news. With a 95% likelihood of approval, these ETFs could bring in $5–8 billion in new capital, echoing the surge seen with Ethereum ETFs earlier in 2025, according to Crypto.news. On the technical side, XRP is currently testing support at $2.40 on the daily chart, with an RSI of 39.9 suggesting mild bearishness but not an oversold condition. Holding above this level could open the way to the $2.60–$2.70 range, while dropping below $2.10 might trigger further liquidations down to $1.80, Crypto.news reports.

The resurgence of XRP and Pepeto’s recent initiatives highlight a broader trend among investors favoring projects with tangible use cases and institutional support. EverNorthXRP’s $1 billion capital raise and Ripple’s RLUSD stablecoin approaching $1 billion in value both point to rising institutional trust in XRP, as reported by Crypto.news. Meanwhile, Pepeto’s lucrative staking program has made it a strong contender in a consolidating market, where liquidity is increasingly directed toward projects with active communities, Decrypt observes.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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