Ripple’s XRP token has experienced a notable surge in price, climbing more than 10% from its recent low of $2.00 to just over $2.20 today. This rally coincides with the overall market rebound and potentially driven by another key factor: the performance of spot XRP ETFs in the US. XRP has closely mirrored other assets’ movements for the past few days, plummeting from $2.20 to around $2.00 on Monday during the December 1 correction. Analysts had identified a crucial support level at this point, which was necessary for XRP to resume its upward trajectory. The impressive bounce since then has seen XRP climb more than 10% from its low. While market fluctuations are significant contributors to this surge, the performance of spot XRP ETFs in the US might play a role. Remember that these funds have been the undisputed leaders among BTC, ETH, SOL, and DOGE products since mid-November when the first XRP-focused product (Canary Capital’s XRPC) launched. This dominance continued on Tuesday as XRP ETFs attracted $67.74 million in new investments, far exceeding all other fund categories – with BTC attracting just $58.50 million, SOL gained $45.77 million, and ETH saw a net outflow of almost $10 million. While XRP is currently seeing a strong rebound, it has remained in the red for the year to date. Entering 2023 at $2.32, it is now around 5% lower. However, this comes despite positive developments such as acquisitions, the conclusion of the SEC lawsuit, and other bullish aspects of the company’s performance.