XRP Surges on Institutional Demand and Whale Accumulation
XRP saw a significant price increase of 4.14% over the last 19 hours, driven by a combination of factors.
The main catalysts behind this move were spot ETF inflows and whale accumulation, which provided a constant net bid that helped push XRP's price higher.
Recent data shows that spot XRP ETFs added $14.89 million in net inflows over the course of a single day, with cumulative ETF assets approaching $1.7 billion.
This persistent demand from institutional investors is a key near-term driver for XRP's price, with Bitwise and Franklin Templeton leading recent sessions.
In addition to ETF inflows, large holder behavior and network growth are also significant drivers of XRP's price action.