XRP Price Surges as RLUSD Breaks Key Milestone, ETF Inflows Jump

XRP's price surged to an intraday high of $1.6963 on Saturday, but cooled down sharply and is currently trading at $1.4578.

The recent rally in XRP was largely driven by the broader crypto market's breakout, with Bitcoin approaching its crucial resistance level of $80,000.

The growth of Ripple USD (RLUSD) has also been a significant catalyst for XRP, with its market capitalization soaring to over $2.07 billion and its 24-hour volume reaching over $753 million.

Rising demand for XRP ETFs, which have seen cumulative inflows of over $1.5 billion and now hold over $1.3 billion in net assets, also contributed to the price surge.