XRP (CRYPTO: XRP) has spiked from $1 to a high of $1.32 on Thursday, propelled by rising XRP Ledger transaction activity and aggressive whale accumulation following Bitcoin‘s (CRYPTO: BTC) rally to $72,000.
XRP Rallies but What’s Next for XRP ETFs?
One pseudonymous market commentator noted that the surge is XRP’s biggest 48-hour gain since March 2025, making the altcoin the top gainer on the crypto table over the past 24 hours.
However, U.S. spot XRP exchange-traded products absorbed just 14.8% of the increase in circulating XRP supply during the first half of 2026. They were net sellers during two of the six months.
May offered a more encouraging signal, with ETP demand absorbing more than half of newly circulating supply, 21Shares noted in its H1 2026 Earnings report.
