XRP News Today: XRP's Surge Sparks Debate: Can It Outpace Ethereum’s Rise?

XRP has experienced a significant surge in trading volume, drawing attention from both retail and institutional investors. According to CoinMarketCap data, XRP’s 24-hour trading volume increased by 44% to reach $6.57 billion, a notable jump that indicates heightened market participation [1]. This increase coincided with a broader market rally in response to weaker-than-expected U.S. jobs data, which fueled speculation about a potential Federal Reserve rate cut in September. The surge in volume was further supported by rising open interest on CME Group futures, which recently hit a record high for XRP. Ripple CEO Brad Garlinghouse highlighted this milestone, noting that XRP Futures contracts reached $1 billion in open interest in under three months, a pace unmatched by most major crypto assets [1].

The price action for XRP has been volatile in recent sessions. The token initially rose to an intraday high of $2.88 before retracting to $2.80 at the time of writing, reflecting the market's mixed sentiment amid heightened volume [1]. Despite the price correction, XRP’s overall market capitalization has increased to approximately $168.6 billion, underscoring the asset’s growing institutional adoption and broader relevance in the crypto ecosystem [3]. Meanwhile, on-chain activity shows increased inflows to major exchanges. For instance, Coinglass data indicates that CEX platforms such as Binance and Coinbase Pro saw net inflows of over 2,400 ETH in the last 24 hours, suggesting heightened trading activity as investors position for potential price swings [4].

XRP’s recent performance has also been supported by developments on the XRP Ledger. A key network upgrade, known as the credentials amendment (XLS-70), was activated on the mainnet. This feature enhances the ledger’s capability to issue, manage, and verify digital credentials directly on the blockchain, aligning with broader trends in decentralized identity and data verification [1]. The upgrade is seen as a step toward expanding XRP’s utility beyond its traditional role in cross-border payments, potentially attracting new use cases and developers.

From an analytical standpoint, XRP's recent price behavior suggests a consolidation phase around the $2.8 level. Technical analysts at Mitrade note that a successful retest of this support could lead to a 20% upward move toward $3.40, driven by the continuation of an ascending trendline. However, if the trendline breaks and the price falls below $2.20, it could trigger a new bearish phase, potentially sending XRP back below $2 [5]. This volatility is typical of the crypto market, where price swings are often amplified by macroeconomic events and regulatory developments.

The broader crypto market context also plays a role in XRP’s trajectory. With Ethereum recently making headlines due to its expanding utility and strong developer activity, XRP faces stiff competition for institutional and retail attention [2]. However, XRP’s focus on cross-border payments, backed by its growing open interest and institutional adoption, positions it as a viable alternative for investors looking to capitalize on the global payment infrastructure transition. As the crypto market continues to evolve, XRP’s strategic upgrades and growing market presence may further solidify its role in the digital asset landscape.

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[1] $5940000000 XRP Activity Surge Shocks Market as Price ... (https://u.today/5940000000-xrp-activity-surge-shocks-market-as-price-flips-direction?amp)

[2] Better Crypto Buy: Ethereum vs. XRP (https://www.fool.com/investing/2025/09/04/better-crypto-buy-ethereum-vs-xrp/)

[3] XRP price gains alongside increase in volume (https://www.fxstreet.com/cryptocurrencies/news/xrp-price-gains-alongside-increase-in-volume-202509050734)

[4] XRP Explosive Accumulation at $2.8 Builds Foundation for ... (https://m.fastbull.com/news-detail/xrp-explosive-accumulation-at-28-builds-foundation-for-news_6300_0_2025_3_9631_3/6300_PUMP-USDC)

[5] XRP Price Could See 20% Bounce To $3.4 If This ... (https://www.mitrade.com/au/insights/news/live-news/article-3-1099063-20250905)