XRP News Today: XRP Is Recovering, Rebounds From Yesterday’s Fall Below $2

XRP, the fourth-largest cryptocurrency by market cap, is slowly recovering from the recent market crash, which nearly took it below the $2 psychological level. According to yesterday’s market data, XRP fell to around $1.98 and is now showing a 2.23% weekly decline. Currently, XRP is trading at $2.03, 1.18% high over the past 24 hours. – XRP’s daily trading volume has declined by 29%, while its market cap rose to $123.06B with a 1.28% gain. 

XRP’s price rebound is attributed to a mix of market-wide sentiment, positive news, and technical trading activity. A substantial change in the broader crypto market trend is a prime factor. – XRP’s price remains closely tied to Bitcoin’s movements. BTC’s rebound after recent dips has fueled XRP’s momentum, helping the asset avoid a deeper correction. The ecosystem expansion news was a major catalyst. As per the latest reports, XRP’s ecosystem utility has expanded as Hex Trust, in collaboration with LayerZero, launched wrapped XRP (wXRP) on Solana and Ethereum blockchains on December 12, allowing XRP holders access to the Solana and Ethereum ecosystems without unwrapping tokens.

@Hex_Trust and @LayerZero_Core will bridge and issue $wXRP, a Solana DeFi-ready token redeemable at any time 1:1 for XRP on the XRP Ledger. https://t.co/c43XBwXNqO

— Solana (@solana) December 12, 2025

This move from Ripple marks its strategy to enhance interoperability and expand XRP’s utility beyond payments.

XRP’s institutional demand and its inability to drive the rally have sparked debate from the start. According to the current ETF updates, XRP spot ETFs have seen substantial inflows and reportedly exceeded $1 billion in assets under management. The pouring ETF inflows indicate that capital is moving into regulated products tied to XRP. Enhanced ETF inflows have failed to move XRP’s spot price, which continues to hover near $2.

Experts believe that the lack of ETF-driven optimism could be because investors are buying XRP quietly through ETFs and OTC trades, which will not hit the public exchanges where prices move.

According to them, strong institutional interest and their purchase do not create significant and visible price spikes. The 21Shares XRP ETF began trading on CBOE on Thursday under the ticker TOXR, becoming the fifth spot XRP product to get approved and launched.

Crypto Circles Buzz Over Amazon’s Alleged XRP Purchase

Crypto community discussions and social media posts have been all about Amazon’s rumored XRP buy. The community members have been discussing a $5 billion XRP deal between Amazon and Ripple. Multiple crypto-related news websites and pages have shared the rumor by citing Kendra Hill, a popular figure in the cryptocurrency space. Hill explained that the talks between Amazon and Ripple over 5 billion XRP held in 2015.

Hill claimed that a deal had been negotiated in 2015 in which Amazon held a stake of 5 billion XRP. She stated that the tokens were currently locked in an account until the partnership was made public. According to her, XRP had no use cases at present, but this was expected to change soon, and when it did, the price would rise quickly. Hill explained that Amazon was very selective in announcing new partnerships publicly. She added that it was in the best interest of all parties involved to keep the price low, allowing major investors to buy in early. Hill further asserted that once the Amazon partnership was announced, global attention would turn to XRP, with millions of people expected to purchase the token on that day. She concluded that the partnership was being saved for a later date.

This belief led DAI to revisit one of Hill’s most controversial claims: her statement that Amazon allegedly secured a massive XRP position. Back then, Hill said Amazon and Ripple negotiated a deal in 2015 that gave Amazon control over 5 billion XRP, representing over 5% of XRP’s… pic.twitter.com/27742MQkcj

— TheCryptoBasic (@thecryptobasic) December 8, 2025

The controversial XRP community member did not forget to appreciate the brilliance of XRP. She added that Ripple should never be viewed solely for what it is today, but rather assumed to be several steps ahead at any given time. She remarked that very intelligent people were coordinating global developments and that nothing was made public before it was intended to be. Despite the spreading rumor, no official announcements from either Amazon or Ripple have been made. Ripple’s CTO has confirmed that there is no evidence of such a large XRP transaction between two parties.

(Source: The Crypto Basic)