XRP Price Skyrockets 53% in One Week Amid Frenzied Trading Activity

XRP's price has surged by 53% in just one week, with its market capitalization reaching $92.65 billion, according to CoinMarketCap data.

This represents a nearly seven-month high for XRP, as observed by Ash Crypto, who noted the token's rebound from around $0.985 before the latest advance.

The price movement has been accompanied by increased trading activity, with futures open interest reaching $3.72 billion on August 24, and spot exchange-traded funds recording $39.78 million in weekly inflows during the same period.

The next key level for XRP's price prediction is $1.55, identified as immediate resistance by Crypto Patel, which sits just above CoinMarketCap's recorded 24-hour high of $1.54.