XRP Price Soars 70% Amid Record ETF Inflows

XRP's price has staged a sharp recovery, climbing roughly 70% in less than 72 hours to $1.70, its highest level in seven months.

This uptrend coincided with strong demand for XRP exchange-traded funds (ETFs), which attracted a record $39.78 million last week, their best result since mid-May.

The cumulative net inflows of XRP ETFs have reached a record $1.55 billion, with Bitwise remaining the largest contributor at about $542.7 million, followed by Canary Capital and Franklin Templeton.

As institutional interest in XRP continues to grow, Grayscale research suggests that XRP ETFs could eventually absorb 5%-6% of circulating supply if adoption follows a path similar to Bitcoin and Ethereum funds.