XRP Flashes Bullish Signal With 1,660,000,000 XRP Staked

More so, the rise in futures activity signals heightened confidence among investors as the broad crypto market appears to be moving toward a potential rebound.

XRP turns green

Following this impressive surge in the XRP derivatives market, XRP has also seen a brief increase in its price over the last day, reclaiming its weekly high around $1.45.

Notably, the asset has surged by 2.45% in its price over the last 24 hours, suggesting a potential price rebound after several days of trading in the deep red territory.

Following the weak price move seen in recent days, the XRP ETFs have also reported poor performance across all existing XRP funds over the past week.

During their last trading session, the funds saw zero inflow and outflow, suggesting that institutional investors are unwilling to participate amid the broad market volatility.

With this weak performance, it is uncertain if XRP will see a major price recovery soon and reclaim levels seen earlier in the year.