$XRP Price Surges on Broader Crypto Market Recovery and $RLUSD Growth
The XRP price surged to an intraday high of $1.6963 on Saturday but quickly reversed, currently trading at $1.4578.
This rally was largely driven by the broader crypto market recovery, which saw Bitcoin approach the key resistance level of $80,000 and Ethereum and other altcoins continue their strong gains.
Ripple's token remains 47% above its 2026 low of $0.9905, hit on August 11 after a bridge exploit pushed the price below $1 for the first time since late 2024.
The growth of $RLUSD, which has seen its market capitalization soar to over $2.07 billion for the first time since its launch in late 2024, may also be supporting XRP prices.