XRP Surges 7.97% on $5.58M ETF Inflows, Ripple Ecosystem Support, and Record Market Cap

XRPUSDT saw a notable price increase of 7.97% over the last 24 hours, with the Binance price reaching 2.0399 from an open of 1.8894. This surge is primarily attributed to significant net inflows of $5.58 million into XRP spot ETFs, continued accumulation activity indicated by declining exchange reserves, and Ripple’s planned release of 1 billion XRP from escrow, of which 700 million was re-escrowed and 300 million designated for ecosystem support, resulting in a restrained market impact. Additional factors include the rapid growth of Franklin Templeton’s XRP ETF holdings exceeding $200 million and positive sentiment around Ripple’s new partnership with i-payout. Trading volume remains robust at approximately $3.91 billion, and XRP’s market capitalization is estimated between $113.59 billion and $123.19 billion, ranking it as the fourth largest cryptocurrency by market cap, with a circulating supply near 61 billion tokens.