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Crypto

XRP Price Skyrockets 6% Amid Institutional Demand and Ledger Upgrades

Guavy AI Editorial Team
Instruments
XRP
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XRP's price surged by 6.05% today due to institutional demand and updates to the XRP Ledger, which has fueled fresh buying interest across the crypto market.

The recent upgrade of the XRP Ledger to version 3.4.0 included lending protocol amendments and server upgrades, requiring over 80% validator approval for activation.

Institutional flows remain robust with $3.5 million in XRP ETF net inflows as a leveraged short ETF awaits U.S. regulatory clearance after its 19th delay.

XRP/USD trades above key moving averages, with momentum showing bullish structure but oversold oscillators and two-way risk; the forecast range is $1.2235 to $1.5432.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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