After one of the steepest drops in its recent history, XRP has clawed back over $36 billion in market capitalization within 24 hours, according to CoinMarketCap data.
Recently XRP’s market cap collapsed from around $180 billion to as low as $114 billion in under an hour, a fall that stunned traders and triggered widespread liquidations across exchanges. The drop coincided with a wave of forced selling after a broader crypto market meltdown erased nearly $20 billion in leveraged positions globally.
However, by October 12, XRP showed a powerful recovery, rebounding to $150.5 billion, as investors rushed to buy the dip. Analysts say the rapid rebound reflects both algorithmic market stabilization and renewed confidence among traders who viewed the selloff as overextended.
With speculation growing around the potential approval of a spot XRP ETF once U.S. regulators reopen after the government shutdown, sentiment around XRP remains notably optimistic. If momentum continues, analysts say XRP could soon test its pre-crash valuation near $170–180 billion, marking a full recovery from one of the most volatile 48-hour periods in its history.
