XRP Price Surge Driven by ETF Inflows and On-Chain Activity
- XRP is currently trading at $21.4, up by 4.5% in a day, with a year-to-date increase of nearly 15%.
- The cryptocurrency’s market cap stands at $130.4 billion, maintaining its position as the fourth largest on CoinMarketCap.
- US-listed spot XRP ETFs saw net inflows of $12.98 million on January 13, marking four consecutive days of positive flows.
- Transaction volume for XRP reached $4.63 billion in the last day, reflecting a significant increase of 71%.
- Over a thousand new accounts were created within a single day on the XRP Ledger, indicating rising user engagement.
The surge in XRP’s price is attributed to growing institutional interest in ETFs and increased on-chain activity, alongside positive regulatory developments anticipated from the upcoming CLARITY Act markup hearing.
With transaction volumes hitting $4.63 billion and significant ETF inflows recorded, XRP’s current upward trend appears supported by strong market dynamics and institutional interest.(Source)
