XRP Surges 50% as Indian Crypto Market Sees Strong Uptrend

The Indian crypto market has seen a significant surge in recent hours, with Ripple's XRP token leading the charge. XRP has rebounded from around ₹100 to nearly ₹165, a remarkable 50% increase.

This uptrend is attributed to growing institutional interest and macro tailwinds, including a US hint at a long-term bond buyback program and a weaker rupee. The latter has contributed to a renewed investor risk appetite in the country.

While Bitcoin remains the top-picked asset among Indian crypto investors, XRP's strong position highlights that the country is now looking beyond BTC for trading. This shift indicates that Indian investors are once again showing interest in taking risks.