XRP Surges Amid Record ETF Inflows and Network Upgrades

XRP's price surged 37% in August, driven by record spot ETF inflows and upcoming network upgrades.

The cryptocurrency saw a total of $110.49 million in one week alone and over $1.66 billion cumulatively, with the majority of these funds coming from institutional investors.

This influx of capital is likely due to regulatory progress, including the potential classification of XRP as a commodity under the CLARITY Act.

Ripple's regulated stablecoin RLUSD has also reached $1 billion in circulating supply on the XRP Ledger, highlighting growing institutional settlement activity.