Crypto
XRP Surges 31% Amid $1.57 Billion Spot ETF Inflows
XRP surged 31% in value over the past week, reaching a high of $1.66 before stabilizing at $1.40.
Spot XRP exchange-traded funds (ETFs) attracted $1.57 billion in inflows this week, with the highest daily gain occurring on August 20, when ETFs registered a daily inflow of $125 million.
The influx of capital has contributed to the positive sentiment surrounding XRP's recent rally, but some traders remain cautious due to the altcoin's history of reversing gains following rapid rallies.