XRP News: XRP Reclaims $2 as Futures Volume Surges to $4B Amid ETF Momentum

Key TakeawaysXRP rebounds from $1.91 low to reclaim the $2 psychological support level.Futures trading volume hits nearly $3.96 billion, led by Binance, Bybit, and OKX.Institutional demand grows amid rising ETF interest in Canada and the U.S..Traders eye the $2.14 resistance as XRP shows signs of renewed bullish momentum.XRP has bounced back from a sharp sell-off, reclaiming the critical $2.00 price level after dipping to a 24-hour low of $1.91, signaling renewed investor interest as futures trading surges and ETF developments gain traction.XRP Futures Volume Soars Amid RecoveryThe recovery coincided with a dramatic rise in XRP futures volume, reaching $3.96 billion across major exchanges. Binance accounted for the largest share at 30.58%, followed by Bybit and OKX, suggesting institutional traders are re-entering the market after the recent dip.Technical indicators point to a V-shaped recovery, with buying interest accelerating between $1.913 and $2.04. The $2.00 level remains a critical pivot zone, with resistance seen at $2.020 and support at $1.989, backed by high trading volume.ETF Momentum Fuels SentimentThe price action comes as ETF-related news adds bullish sentiment to the market:In Canada, both 3iQ and Purpose Investments have launched XRP ETFs on the Toronto Stock Exchange, making XRP more accessible to traditional investors.In the U.S., the SEC has opened a comment period on Franklin Templeton’s proposed XRP ETF, signaling potential regulatory softening.These developments could be laying the groundwork for greater institutional participation in XRP, similar to the effects seen with Bitcoin and Ethereum ETFs.Price Action Summary24h Range: $1.912 – $2.040 (6.5% swing)Resistance: $2.020 (volume-backed)Support: $1.989 (recent bounce zone)Key level: $2.000 psychological pivotPattern: V-shaped recovery with narrowing volatilityCan XRP Break $2.14?Market watchers now focus on whether XRP can sustain momentum to challenge the $2.14 resistance, which previously capped upside attempts. Consolidation around the $2 level, paired with surging derivatives interest, suggests the market may be preparing for a potential breakout if macro and ETF tailwinds persist.