The cryptocurrency market experienced a significant surge today, driven by the resurgence of both Bitcoin and XRP. This renewed interest follows a period of oversold conditions, with new investments from institutional players and ETFs playing a key role. 24-hour capital inflows into XRP surpassed $7.19 billion, pushing its price above the $2 mark. This growth is partly attributed to the launch of Grayscale and Bitwise’s respective XRP ETFs, which have seen strong initial investment volumes. Bitcoin rebounded above $86,000 after a period of extreme oversold conditions, while Ethereum also saw gains. Institutional investors like Grayscale and Bitwise are contributing to this market movement as they play a key role in driving bullish price action. This surge is reflected in increased open interest for XRP futures, suggesting growing confidence from traders, particularly those looking to capitalize on the asset’s potential through ETFs.