Crypto
Institutional Investment Boosts XRP Price Ahead of Key Upgrade
XRP has been trading around $1.552 this week, with support at $1.548 and potential resistance at $1.576.
The recent launch of U.S. spot XRP ETFs and improvements to the XRP Ledger have attracted institutional clients, drawing in new investment.
However, retail activity remains weak, with a year-over-year decrease in daily active accounts highlighting a shift towards institutional investment.
The upcoming Batch V1.1 upgrade is expected to enhance institutional settlement capabilities on the XRP Ledger, further facilitating institutional clientele.