XRP Surges 61.8% on Ripple's Quantum-Ready Upgrade Plan and Institutional ETF Inflows
XRP's price surged by 61.8% in just 24 hours to $1.39, driven by Ripple's announcement of a four-stage plan to make the XRP Ledger quantum-ready by 2028.
Ripple's initiative aims to safeguard the network against potential threats from quantum computing, which could break current cryptographic protections.
The company plans to deploy quantum-safe cryptography alongside existing methods on Devnet and Testnet during the second half of 2026, allowing for thorough validation without disrupting the live network.
Institutional demand is also supporting XRP's momentum, with spot exchange-traded funds (ETFs) recording a net inflow of $110.49 million for the week ending August 28, pushing cumulative net investments to $1.66 billion.
The approval of Evernorth's Nasdaq listing via a merger to trade under the ticker 'XRPN' has created a regulated and transparent vehicle for holding XRP, potentially attracting more conservative institutional capital.