XRP Outshines Bitcoin, Ethereum With A 5% Spike Ahead Of Its ETF Debut On Wall Street

XRP (CRYPTO: XRP) charted a sharp recovery Monday ahead of the launch of its first-ever exchange-traded fund on Wall Street.

What happened: The fourth-largest cryptocurrency by market capitalization spiked 5% in the last 24 hours, marking a significant turnaround from the “Black Sunday” crash. XRP outgained market titans like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which rose 3.61% and 3.17%, respectively.

The coin’s trading volume jumped 95% to $13.42 billion, making it the third-most traded cryptocurrency excluding stablecoins.