XRP
Why XRP is up 5.9% today
Analysis
XRP rose 5.9% over the past 24 hours as demand appeared supported by continued inflows into XRP ETFs, which CoinDesk reported have attracted about $170 million over eleven days, alongside growing institutional participation. Sentiment also improved after Bitcoinist reported the XRP Ledger AMM amendment reached 80% validator consensus, signaling progress toward a key protocol upgrade.
Contributing Factors (3)
XRP ETFs pull in $170 million over eleven days. Goldman tops institutional holders
Spot XRP funds have logged nine straight sessions of inflows, while Q2 filings show Goldman Sachs, Jane Street and Millennium among their biggest professional holders.
XRP Ledger AMM Amendment Reaches 80% Validator Consensus
Read the latest update on XRP Ledger AMM Amendment Reaches 80% Validator Consensus.
Bitcoin back above $77,500, XRP leads majors as Fed hike odds near 66%
Every major token is green over 24 hours, though only zcash and hyperliquid are holding gains on the week.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.