Following a sudden and dramatic drop in market value, XRP has rebounded considerably within just 24 hours. CoinMarketCap data indicates a recovery of over $36 billion in market capitalization since yesterday’s crash. 📈 💥
The rapid decline began when the cryptocurrency experienced a steep fall from around $180 billion to as low as $114 billion, resulting in major liquidations across exchanges.
This drop coincided with a broader crypto market meltdown that wiped out nearly $20 billion from leveraged positions globally. 📉 However, XRP has shown resilience, rebounding by October 12th to $150.5 billion, as investors capitalized on the dip.
Analysts suggest this rebound points towards algorithmic market stabilization and renewed confidence from traders, who view the selloff as a buying opportunity.
With speculation regarding potential approval of a spot XRP ETF increasing, fueled by optimism regarding regulatory changes in the U.S. once the government shutdown ends, sentiment toward XRP remains strong. 📈 If momentum continues, analysts predict XRP could soon reach pre-crash valuations near $170–180 billion, marking a full recovery from one of the most volatile 48-hour periods in its history.