XRP Price Trades Quietly as Institutional Buyers Continue Accumulation

XRP's price has seen a quiet increase in the past 24 hours, trading at $1.37 as of this writing.

The token's chart may not be cooperating with its spot price, but institutional buyers are accumulating via regulated wrappers, pushing cumulative inflows to over $1.5 billion since launch.

Goldman Sachs leads institutional holders with about $87.4 million in exposure, followed by Jane Street and Millennium Management.

The disconnect between ETF demand and spot price weakness is the crux of the current setup, with bulls pointing to sustained ETF demand and a possible retest of $1.98 if resistance clears.