XRP Consolidates at $1.38 as Institutional Appetite Continues to Grow
XRP's price has stalled near $1.38 after a 30% surge in the past month, according to data from CoinGecko compiled on September 11. The token's market capitalization is now hovering near $85 billion and holding its position as the fifth-largest digital asset.
The climb reflects growing institutional appetite for exposure to XRP through regulated U.S. exchange-traded products. Spot XRP ETFs have recorded 11 consecutive sessions of positive net inflows since early September, bringing cumulative net inflows to $1.68 billion since their November launch.
Ripple Labs has cleared several regulatory and operational hurdles over the past year, including securing comprehensive Markets in Crypto-Assets authorization in Luxembourg and a partnership with South Korea's Jeonbuk Bank for cross-border remittances.