XRP Surges 18% on $13M ETF Inflows as Price Targets $1.50

XRP's price surged by 18% in just 24 hours, reaching a three-month high of $1.34.

This rally is attributed to renewed institutional demand for XRP, with Spot ETFs recording $13.24 million in net inflows and lifting total net assets to $1.5 billion.

The influx of capital from institutions has been accompanied by a rise in trading volume, which reached over $8 billion, a 125% increase from previous levels.

However, the surge in institutional demand is being met with fresh exchange-bound supply, creating a contest between buyers and sellers.

The recent price gains have also attracted longer-term holders, who are now selling their XRP, potentially putting downward pressure on the market.