XRP Price Sees Second-Highest ETF Inflows as Rally Continues

XRP price has recovered above $1.40 as institutional inflows boosted confidence across the cryptocurrency market.

The total crypto market capitalization rose 3.05% in the last 24 hours to $2.7 trillion, with XRP ETF demand strengthening to its second-highest level this year.

Data from SoSoValue indicates that on August 26, $28.14 million worth of activity took place on US spot XRP exchange-traded funds (ETFs), led by Bitwise’s XRP ETF with $13.12 million in subscriptions.

XRP has gained about 20% over seven days after three weeks of weakness, but measures of momentum indicate that the ongoing rally might be excessive and could lead to consolidation prior to a subsequent move up.