XRP
Why XRP is up 1.9% today
Analysis
XRP rose about 1.9% over the last 24 hours as sentiment improved following reports that XRP-focused ETFs saw a rebound in demand, with $16.79 million in fresh inflows after a recent downturn. The move also aligns with renewed attention on XRPL’s push toward “institutional DeFi,” which some traders may view as a supportive longer-term catalyst.
Contributing Factors (3)
XRP ETFs Recover From Heavy Downturn With $16.79 Million Fresh Capital Intake
XRP ETFs have resumed their strong daily performance despite the broad crypto market weakness, signaling resilience among its institutional investors.
$200 Billion Gone From Crypto Markets as BTC, ETH, XRP Tanked on Saturday: Weekend Watch
HASH and WLFI are among the poorest performers, while HYPE is actually in the green daily.
XRPL prepares for ‘institutional DeFi’ – Will it boost XRP price?
XRP whales flashed mixed signals as the altcoin toiled below $2
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.