Crypto
XRP Rises 2% on Spot ETF Accumulation Amid $1.5 Billion Cryptocurrency Heist
XRP has risen by 2.02% in 24 hours to $1.53, outperforming a flat Bitcoin.
The price increase is primarily driven by renewed accumulation in spot exchange-traded funds (ETFs), which suggests institutional demand is providing a floor after recent profit-taking.
Data from a cryptocurrency exchange shows that U.S. spot XRP ETFs continued to see inflows, with ETF vault holdings jumping by 12.29 million in a single day on September 24, bringing the weekly net flow to +24.54 million XRP.
The steady institutional buying is absorbing selling pressure and acting as a concrete support mechanism, differentiating XRP's recovery from pure market beta.