XRP Surges 30%, Despite Sinking Institutional Demand

XRP has seen significant price action over the past week, increasing by approximately 30% to reach $1.29. This upward trend is largely attributed to a record Bitcoin short squeeze and the broader momentum in the crypto market.

However, despite XRP's price surge, its ETF inflows have actually decreased during this period. Furthermore, derivatives open interest has dropped by 11%, indicating weaker institutional demand and reduced leverage.