XRP Gains Momentum: $4.50 Target as Institutional Demand Soars

XRP has experienced a significant surge, rising over 6% this week and surpassing the $3 mark. This upward movement is fueled by increasing institutional investment and heightened trader activity. Recent data reveals that XRP-linked investment products attracted $14.7 million in net inflows last week alone, bringing year-to-date flows to an impressive $1.4 billion. Open interest in XRP derivatives has also surged by 11% in the past seven days, reaching a record high of $8.3 billion. This indicates growing confidence and anticipation for price increases from traders.