XRP has successfully maintained its support at the $2.00 mark, enjoying a 10% increase in price, reaching just over $2.20 earlier today. The recent market upturn is believed to be a contributing factor to this surge.

XRP Price Chart XRPUSD Dec 3. Source: TradingView

Over the past few days, XRP has followed the general market trends, dropping from $2.20 to nearly $2.00 during a correction observed on December 1. Analysts had previously highlighted the importance of maintaining this support level for a rebound.

With a significant increase from the recent lows, the token has risen by over 10%. While market dynamics are crucial, another factor may be the impressive performance of XRP ETFs in the U.S. These ETFs have outperformed other high-profile digital assets, such as BTC, ETH, and SOL, since the introduction of the first XRP-focused product in mid-November.

On Tuesday, XRP ETFs attracted $67.74 million, significantly more than the BTC inflows of $58.50 million and SOL’s $45.77 million, with ETH funds facing a slight downturn.

Despite today’s upward movement, XRP remains lower on a year-to-date basis, starting 2025 at $2.32 but currently trading about 5% down, despite the company behind it achieving record success this year, including various acquisitions and the conclusion of the SEC lawsuit.