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XRP Soars 18% to Three-Month High on Strong Institutional Demand

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XRP
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XRP surged to a three-month high of $1.34 after seeing an 18% price increase, driven by strong institutional demand for Spot ETFs.

The inflows into these funds reached $13.24 million, boosting total assets to $1.5 billion and confirming increased market activity with trading volume jumping 125% past $8 billion.

Institutions are expanding XRP's use via blockchain credit infrastructure, enhancing its utility and supporting the rally.

However, increased selling by long-term holders could challenge this momentum, with key support at $1.30 and potential resistance at $1.50 if the rally continues.

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