Positive sentiment around XRP is bolstered by regulatory speculation and potential approval of an XRP ETF.
Reports suggest that 40 million XRP tokens have been purchased by Ripple whales during the recent price drop, indicating accumulation of the altcoin.
Despite fluctuations, XRP's price recovered by 6% to reach $2.31 with a significant increase in XRP futures open interest.
Regulatory developments, including the assumption of office by Donald Trump and the listing of RLUSD stablecoin on Independent Reserve exchange, contribute to the positive sentiment surrounding XRP's future.