XRP ETFs absorb 80M tokens: Is a new bull trend starting for the altcoin?

XRP is currently trading at $2.18, maintaining a market cap of $131 billion, while traders closely monitor the $2.16–$2.25 corridor for potential price movements. This stability comes amidst a backdrop of recent volatility in the cryptocurrency market, where XRP has seen fluctuations in its value.

Global inflation has slowed, yet many countries are witnessing a surge in cryptocurrency adoption as individuals seek alternatives to their local fiat currencies. This trend highlights the growing acceptance of digital assets in the face of economic uncertainty.

Houdini Swap has launched Houdini Pay, a new payment service designed for freelancers that enhances privacy by breaking on-chain links between counterparties, providing a layer of anonymity in transactions. This service aims to cater to the growing demand for privacy-focused financial solutions in the cryptocurrency space.

Ethereum (ETH) is attempting to recover from a recent market correction, with analysts suggesting a potential end-of-year rally that could see prices jump by 50% in December. The cryptocurrency is currently retesting the $3,000 mark after experiencing a 4.4% daily surge, although it has faced resistance in reclaiming this level.

Bitcoin has rebounded past $91,000, reflecting a positive trend in the cryptocurrency market as XRP exchange-traded funds (ETFs) continue to attract significant attention. This surge follows a broader recovery in crypto prices, with Bitcoin's recent performance indicating renewed investor confidence.

XRP is currently trading near $2.20, experiencing a slight 0.5% gain in the past 24 hours, while its supply on Binance has dropped to the lowest level of 2025, indicating reduced sell-side pressure. This development comes after a recent decline where XRP's price fell to a six-week low of $2.12 due to profit-taking and reduced trading activity.

Australia is advancing legislation to regulate cryptocurrency platforms under the same financial laws that govern traditional financial institutions. This move aims to enhance consumer protection and establish a more secure environment for digital asset transactions.

Dogecoin (DOGE) has established a bullish structure characterized by higher lows, despite a lackluster debut of Grayscale's GDOG ETF, which only garnered $1.41 million in trading volume on its first day. This performance has raised concerns regarding investor interest in the ETF amid a challenging market environment.