XRP Price Sees Surge Amid Strong Correlation with Traditional Markets

XRP's price has been on an upward trend in recent days, with a gain of around 6% in the past 24 hours. This movement is largely attributed to its strong correlation with traditional markets, which has seen a surge in investor risk appetite.

As a result, XRP has benefited from the increased demand for cryptocurrency assets. Market analysts believe that this trend could continue, potentially pushing the price towards $4 and beyond.

One key factor driving XRP's growth is its link to the S&P 500 index, with data showing a correlation of around 94%. This means that as the stock market rallies, crypto assets like XRP also experience an increase in value.