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Crypto

XRP Surges 18% to Three-Month High on Institutional Demand and ETF Inflows

Guavy AI Editorial Team
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XRP
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XRP's price surge has reached new heights as it reclaimed $1.30 and touched a three-month high of $1.34, up 18% in the past 24 hours.

The altcoin saw a significant increase in trading volume, rising 125% beyond $8 billion, indicating stronger market participation.

This rally, however, has attracted fresh exchange-bound supply, creating a contest between institutional demand and profit-taking.

XRP received support from renewed institutional demand after broader market sentiment turned bullish, with XRP Spot ETFs recording $13.24 million in Net Inflows, lifting Total Net Assets to $1.5 billion.

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