XRP Surges on Institutional Demand for US Spot ETFs

XRP has seen a notable price surge of 7.54% in recent trading sessions, driven by robust institutional inflows into US spot XRP ETFs.

The influx of funds from prominent financial entities such as Goldman Sachs, Jane Street Group, and Millennium Management has contributed to the increase in demand for XRP-based ETFs, with total reported holdings reaching $183.5 million, covering approximately 176.4 million units of XRP.

This uptick in institutional adoption is further supported by technical indicators, which show that XRP is trading above its 20-day, 50-day, and 200-day moving averages, confirming short-term to long-term bullish momentum.