According to data provided by 100eyes Crypto Scanner, the cryptocurrency is currently XRP Approaching “Horizontal resistance” is near the $2.60 level.

The third largest cryptocurrency is trading at $2.57 on the Bitstamp exchange.

Ripple's token is currently leading the broader cryptocurrency market recovery with prices up 6%.

Other major altcoins, such as BNB and Ethereum (ETH), also posted significant gains.

As reported by U.Today, the cryptocurrency is benefiting from the ongoing buzz of ETFs.

Nete ​​Garaci, one of the most prominent experts, recently predicted that XRP will be able to get its own ETF in 2025 in the United States.

However, Polymarket bettors are so far divided on the issue, with almost half betting against such an outcome.

XRP's massive rally, which became one of the most crucial stories of the fourth quarter, has lost momentum. However, the growing hype for ETFs could reignite them if there are signs that such a product will actually be approved by the SEC as soon as this year.

If an XRP ETF is approved, it will likely propel the token into the mainstream.

For example, banking giant JP Morgan recently predicted that this product could attract up to $8 billion in inflows based on the performance of its Bitcoin ETF last year.

It remains to be seen whether XRP will eventually be able to surpass its all-time high of $3.40, which was achieved seven years ago.

like Reported by U. TodayPeter Brandt, a prominent commodity trader, recently opined that XRP was the “leader of the pack” during the recent rally in the cryptocurrency market.

The token is outperforming some major coins once again, with Dogecoin (DOGE) being the only major token that managed to post larger gains.