Why Is XRP Price Suddenly Rocketing Today?

What to Know

• Bitcoin ETF inflows, short liquidations, and altcoin rotation pushed XRP price higher as trading volume climbed alongside renewed cryptocurrency market demand.
• Ripple’s partnership with Absa expanded institutional custody services across Africa, strengthening confidence in the company’s growing financial technology regional presence.
• XRP holds support near $1.45, while resistance between $1.50 and $1.55 determines whether bullish momentum can produce further sustained gains.

 

XRP (XRP), the fifth-largest cryptocurrency by market cap, is rising today as Bitcoin’s ETF rally, short liquidations, broader altcoin demand, and Ripple’s institutional expansion strengthened buying interest. According to CoinMarketCap data, the Ripple-backed coin gained 8.36% within 24 hours, reaching $1.49 as trading volume increased 36.67% to $4.45 billion.

Bitcoin Rally and Short Liquidations Lift XRP

Bitcoin (BTC) provided the main catalyst, gaining 5.2% as renewed demand entered the market through spot exchange-traded funds. According to SoSoValue data, Bitcoin ETFs attracted $433 million on September 18, reversing preceding withdrawals and improving investor confidence. Those institutional inflows encouraged cryptocurrency purchases, while XRP responded more strongly because traders often treat it as a high-beta asset.

Additionally, CoinGlass recorded $262 million in short liquidations as rising prices forced bearish traders to exit leveraged positions. Closing those positions required purchases, adding buying pressure across Bitcoin and strengthening the rally among major altcoins.

Also, broader capital rotation supported XRP’s performance as Solana (SOL) gained 7.15%, while NEAR Protocol (NEAR) advanced approximately 20.56%. Moreover, the CoinMarketCap Altcoin Season Index increased by 4.17%, showing that investor demand extended beyond Bitcoin into alternative cryptocurrencies.

Also Read: Bitcoin Whale Rotates $86 Million Into Ethereum and Stakes Entire ETH Position

Absa Custody Launch Strengthens Ripple Sentiment

Meanwhile, Ripple’s expanding institutional presence across Africa provided another positive reason supporting XRP’s rally and improving sentiment around its wider ecosystem. Ripple’s Managing Director for the Middle East and Africa, Reece Merrick, disclosed earlier today that Absa Corporate and Investment Banking launched Absa Digital Asset Custody using Ripple’s custody technology.

Merrick described the important partnership as a major milestone that supports secure, compliant, and bank-grade digital asset management across Africa. Although the announcement does not confirm XRP purchases, it highlights Ripple’s increasing adoption among established financial institutions on the continent.

XRP Approaches Important Resistance Zone

XRP advanced from approximately $1.3771 toward $1.49 as buyers repeatedly absorbed temporary pullbacks and protected the token’s bullish structure. However, the 14-day Relative Strength Index reached 73.75, placing XRP within overbought territory following its rapid price increase.

Support at $1.45 remains crucial, while holding that area could support another attempt against resistance between $1.50 and $1.55. Conversely, losing $1.45 may weaken the rally and expose XRP to deeper retracement levels near $1.40 and $1.37.

Also Read: Analyst Maps XRP Path Toward $589 but Sets Three Conditions

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