Crypto
XRP Surges 10% Amid Regulatory Clarity
XRP saw significant gains this week, increasing by roughly 10% to reach $1.54-$1.58, as Bitcoin held above $84,000 and Ether traded near $2,680.
The price surge came after the Senate failed to advance the CLARITY Act, leaving proposed crypto market rules stalled, while SEC staff issued informal guidance on buybacks, staking receipts, and network upgrades.
US spot XRP ETFs pulled in $22.65 million on September 25, with Bitwise leading at $18.39 million, bringing cumulative net inflows to $1.79 billion, and combined net assets of $1.77 billion.
XRP faces resistance at $1.60, but whales have been accumulating the token aggressively, buying more than 470 million XRP over five days, worth around $724 million.