XRP Soars Beyond $2.20: Driven by Institutional Demand

XRP has experienced a significant price surge, exceeding the $2.20 threshold and indicating a strong technical recovery. This rise is fueled by substantial institutional demand for newly launched XRP exchange-traded funds (ETFs) by Franklin Templeton and Grayscale on the NYSE Arca. These ETFs attracted a total of $164 million in their first trading day, unlocking new investment avenues for traditional capital to engage with XRP. 81% increase in trading volume on the last trading day highlights institutional buying activity.