XRP ETF Buzz Lifts Prices as Bitcoin Retreats to $103K
XRP led market action, climbing roughly 3.5% to trade above $2.50 amid renewed expectations for a spot XRP ETF — a catalyst that appears to be drawing fresh buyer interest. Bitcoin, by contrast, retreated to around $103,000 even after U.S. legislation to reopen the government was signed, suggesting that the macro development failed to immediately translate into broader risk-on momentum. Overall market capitalization sits near $3.6 trillion and is finding resistance at current levels.
The divergence highlights how asset-specific news can outweigh wider market signals: ETF hopes are funneling attention and capital into XRP while BTC remains rangebound. Traders will be watching regulatory updates and ETF progress for further direction; if Bitcoin cannot reclaim firmer footing, altcoins with concrete catalysts could continue to outperform in the near term.