XRP Surges Past $1.18 as Market Shows Signs of Recovery
- XRP price increased from $1.1503 to $1.1866, marking a gain of over 3% in a single day.
- Trading volume reached approximately 107.6 million XRP, exceeding the daily average by more than four times.
- Over $1.4 billion has been invested in XRP-linked ETFs since their launch, with May recording the highest institutional demand.
- More than 25 million XRP were withdrawn from exchanges recently, indicating accumulation by long-term holders.
- Addresses holding significant amounts of XRP reached a record high during the recent market correction.
The recovery in XRP’s price is supported by strong trading volume and substantial inflows into ETFs. The reclaiming of the $1.14-$1.15 resistance zone as support further indicates potential for continued upward momentum.
XRP’s recent rise above $1.18 coincides with significant trading activity and institutional interest, highlighting a shift in market sentiment as over $1.4 billion has flowed into related ETFs.(Source)
