XRP Surges Past 50% Weekly as Inflows Hit Three-Month High

XRP surged more than 50% in just one week to nearly seven-month highs, reaching $1.54 on Aug. 24. The token's impressive performance was fueled by significant inflows into US spot XRP ETF products, which saw a three-month peak of $39.78 million from Aug. 17-21.

Total cumulative net inflows reached approximately $1.55 billion. Meanwhile, open interest in XRP futures contracts climbed to $3.72 billion on Aug. 24.

Market analysts, including Ash Crypto and Pumpius, pointed out that the token's price is approaching a critical resistance barrier at $1.55, with a convincing daily close above this threshold potentially fueling additional upside momentum.