Ripple's XRP Surges on Institutional Inflows
XRP's price has been on an upward trajectory, climbing approximately 7% over the past week and exceeding 30% in monthly gains. The token is currently trading between $1.35 and $1.38, with a market capitalization near $85 billion, securing its position as the fifth-largest digital asset by market cap.
One key driver behind this momentum is institutional capital. U.S. spot XRP exchange-traded funds have logged 11 consecutive sessions with positive net inflows since their November debut, attracting approximately $1.68 billion in cumulative net inflows.
Ripple's recent regulatory approvals and partnerships also contribute to the token's growth. The company secured MiCA regulatory approval in Europe and established a partnership with Jeonbuk Bank in South Korea for international money transfers.