XRP Extends Gains Amid Strong Technical Indicators and Institutional Interest

XRP has extended its gains for the second consecutive day, with prices pushing above $1.16 at the time of writing on Thursday.

This surge comes as institutional interest in XRP spot Exchange-Traded Funds (ETFs) has returned this week, with mild inflows totaling $2.35 million on Wednesday and $5.81 million on Tuesday.

The Crypto Fear & Greed Index is now at 62, indicating a growing appetite for XRP as the broader crypto market sentiment remains in the 'Greed' territory.

However, retail demand is lagging behind the bullish price action, with perpetual futures Open Interest (OI) declining to 2.54 billion XRP on Thursday from 2.73 billion the previous day.