XRP Surges 50% in a Week, Sets Up Potential Run Toward $2.57

XRP has emerged as one of the strongest performers in the cryptocurrency market this week, gaining more than 50% and pushing back above the $1.50 mark.

The recent XRP price rebound has shifted the short-term technical structure in favor of buyers, although several resistance levels and overbought momentum readings could still limit the pace of the advance.

XRP traded around $1.50-$1.52 on August 24, according to current market data, after briefly moving as high as roughly $1.70 during the recent rally.

The move has also coincided with a renewed increase in institutional demand. Spot XRP ETFs recorded approximately $39.78 million in net inflows during the latest week, taking cumulative net inflows to about $1.55 billion.