XRP Surges 9% Amid Crypto Market Recovery

XRP staged a strong recovery on September 21st, climbing from $1.41 to $1.54 and gaining almost 9% in one session.

The token's price surge came as capital returned to crypto markets, with US-listed spot crypto ETFs recording over $1.9 billion in net inflows over a 24-hour period, according to SoSoValue data.

Market analysts have pointed out that XRP is testing a descending trendline that has limited several recovery attempts since the August peak, but momentum indicators have started to improve.

The broader crypto market remains an important factor for XRP, with Bitcoin's recent weakness putting pressure on altcoins and traders looking toward the fourth quarter.