XRP Price Surges 53% in Seven Days, Nears Key Resistance Level

XRP's price surged by 53% over seven days, reaching nearly $1.54, close to a key resistance level at $1.55. This rally was supported by $39.78 million in U.S. spot XRP ETF inflows during August 17-21, pushing total ETF assets to around $1.55 billion.

Futures open interest also rose to $3.72 billion, indicating increased leveraged trading. Market watchers are focused on whether XRP can break above $1.55, which could trigger further gains, or if it will retreat to support around $1.45.

The surge in active addresses by over 650% signals heightened network activity and potential volatility ahead.