XRP price rallied today in response to Franklin Templeton’s XRP ETF filing as a key onchain metric indicates that the altcoin might have bottomed out.
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
