XRP Price Rallies Amid Broader Crypto Surge
The price of XRP surged to an intraday high of $1.6963 on Saturday, but cooled down sharply and is currently trading at $1.4578.
This rally was largely driven by the broader crypto market's upward trend, with Bitcoin approaching its crucial resistance level of $80,000.
As a result, XRP ETF inflows have seen significant increases, adding over $39.7 million in funds last week, up from just $2.25 million the previous week.
The cumulative inflow now stands at over $1.5 billion, with the biggest contributors being Bitwise, Franklin Templeton, and Canary.
Another key factor supporting XRP's price is the growth of Ripple USD ($RLUSD), which has seen its market capitalization reach over $2.07 billion for the first time since its launch in late 2024.
The stablecoin's popularity is on the rise, with a 24-hour volume of over $753 million and $988 million held on the XRP Ledger.