XRP Soars 31% on $1.57 Billion Spot ETF Inflows

XRP has experienced a significant surge in value over the past week, rising by 31% from $1.15 to a high of $1.66 before stabilizing at $1.40.

This rally is attributed in part to increased buying activity and substantial inflows into XRP spot exchange-traded funds (ETFs), which reached $1.57 billion this week, according to Traders Union data.

Bitcoin's stability and its role as a key anchor for other leading altcoins like XRP have also contributed to the positive sentiment surrounding the asset.

However, some traders remain cautious due to XRP's history of reversing gains following rapid rallies, making it a higher-risk move to enter the market after such a sharp uptick.