XRP News Today: XRP's Contrarian Rally: Bearish Sentiment Meets ETF Hopes in Bullish Showdown

The cryptocurrency market has seen a notable rebound in recent trading sessions, with XRP, ADA, and BNB showing signs of stabilization amid broader market volatility. XRP, currently trading at $2.45, has reached a nine-month sentiment low, a level historically associated with contrarian bullish signals, according to a Benzinga report. The token's price action against Bitcoin has stabilized, with technical indicators suggesting potential for a 12% gain before the end of the month, the same report adds. Meanwhile, the broader market has seen a 4% surge in total capitalization to $3.76 trillion, driven by renewed liquidity and investor participation, as detailed in a Decrypt report. This recovery has coincided with significant developments from emerging projects like Pepeto (PEPETO), which has announced a $700,000 community giveaway and staking rewards of up to 221% annualized yield, the Decrypt article notes.

XRP's recent price correction to $2.45 has drawn attention from traders and analysts, with Santiment data showing the lowest ratio of positive-to-negative sentiment in nine months, the Benzinga piece reported. Retail traders' bearish activity, including loss-driven selling, has created a contrarian backdrop, as the price now moves against prevailing expectations. Structural support for XRP includes EverNorthXRP's $1 billion treasury raise, backed by SBI Holdings and Ripple, which ties directly to XRP's institutional adoption, according to Crypto.news. The project's partnership with Armada Acquisition Corp II has also positioned it to leverage opportunities in decentralized finance (DeFi) and capital markets, the Benzinga coverage adds.

Analysts point to pending spot XRP exchange-traded fund (ETF) applications from firms like CoinShares, Bitwise, and Grayscale as a potential catalyst for price recovery, a point highlighted by Crypto.news. With a 95% approval probability, these ETFs could unlock $5–8 billion in inflows, mirroring Ethereum's ETF-driven rally earlier in 2025, the Crypto.news piece suggests. Technically, XRP is testing $2.40 support on the daily chart, with a RSI of 39.9 indicating mild bearish momentum but not oversold conditions. A sustained hold above this level could target the $2.60–$2.70 range, while a break below $2.10 may accelerate liquidations toward $1.80, Crypto.news notes.

Amid the market's stabilization, Pepeto has emerged as a focal point for retail investors. The meme-inspired token, known as the "God of Frogs," has raised $7 million in its presale and now offers 221% staking rewards to lock tokens within its ecosystem, according to the Decrypt coverage. To commemorate the milestone, the project launched a $700,000 giveaway, distributing PEPETO tokens through a structured prize pool featuring top awards of $300,000 and $25,000 community prizes. The initiative aligns with Pepeto's broader strategy to integrate utility and entertainment, including plans for a zero-fee exchange.

The XRP rebound and Pepeto's activity reflect a broader shift in investor sentiment toward projects with clear utility and institutional backing. EverNorthXRP's $1 billion raise and Ripple's RLUSD stablecoin nearing $1 billion in value underscore growing institutional confidence in XRP's use cases, Crypto.news reports. Meanwhile, Pepeto's high-yield staking program has positioned it as a contender in a consolidating market, where liquidity is increasingly directed toward projects with robust community engagement, the Decrypt article observes.