XRP (XRP) pared some losses following this week’s market crash, with 6% daily gains over the last 24 hours to trade at $2.24.
The top-ten altcoin trades 18% above the 24-hour low of $1.89 as the crypto market sentiment recovers slightly.
XRP/USD daily chart. Source: Cointelegraph/TradingView
Let’s examine the key drivers behind XRP’s rebound today.
Franklin Templeton’s XRP ETF filing
One of the primary catalysts behind today’s XRP price surge is Franklin Templeton’s filing of an XRP ETF in the United States.
🔥 JUST IN: Franklin XRP Trust Files S-1 With the SEC for an XRP ETF on Cboe BZX. pic.twitter.com/B6oo3e5k0d
— Cointelegraph (@Cointelegraph) March 11, 2025
Key takeaways:
On March 11, California-based asset manager Franklin Templeton filed an S-1 registration form with the US Securities and Exchange Commission (SEC) to launch a spot