XRP Price Soars as Institutional Investors Flood In

XRP price rose by approximately 3% in 24 hours to $1.37 on Thursday, outperforming Bitcoin's gain.

This increase is primarily driven by sustained institutional accumulation via its linked exchange traded funds (ETFs), with spot XRP ETFs recording $14.38 million in net inflows on September 2 and no outflows.

This consistent buying, while Bitcoin ETFs saw significant outflows, indicates a rotation of institutional capital specifically into XRP, providing a direct bid under its price.

Institutional investors are accumulating XRP through regulated channels, creating a structural support floor. The XRP Ledger's primary stablecoin, RLUSD, saw its supply grow to $1.049 billion, indicating rising on-chain utility.