XRP Soars 25%, Reaching New All-Time Highs as Institutional Investors Drive Surge

Ripple’s XRP has experienced a substantial rebound in recent weeks, registering a nearly 25% surge from its crucial psychological support level of $2. The positive momentum is largely driven by robust institutional investment, evidenced by daily ETF inflows exceeding $164 million following the launches of Grayscale’s GXRP and Franklin Templeton’s XRPZ funds. Analysts see potential for XRP to climb even higher, supported by both technical indicators pointing to a bullish phase and on-chain activity revealing genuine buying interest. 2023 has seen significant institutional involvement driving market sentiment.