XRP Surges 20%, But Can It Hold onto Gains Without Institutional Support?

XRP price has surged by nearly 20% in just one day, reaching $1.18 and sparking renewed hopes of an extended rally since 2020.

The token's impressive performance comes as it beat Bitcoin's 7% gain on August 19, finishing third among the eight largest coins during a record-wide short squeeze.

However, despite XRP's strong retail momentum, spot ETF flows reveal that institutional investors remained relatively quiet, pulling in $517 million for Bitcoin funds but leaving XRP's institutional pipes comparatively still.

The gap between retail and institutional participation raises questions about the chart's ability to hold onto its gains.