XRP Surges 3.25% as Spot ETF Inflows Top $13.59M and Exchange Supply Hits Eight-Year Low
XRPUSDT has experienced a notable price increase of 3.25% in the last 24 hours, currently trading at 2.1218 on Binance, with a 24-hour open of 2.0550. The bullish momentum is primarily attributed to significant inflows into XRP spot ETFs—over $13.59 million in the past week—and continued positive sentiment following Franklin Templeton’s ETF holdings surpassing $200 million. The supply of XRP on exchanges has dropped to an eight-year low, suggesting increased investor holding and reduced selling pressure, further supporting upward price movement. Ripple’s recent escrow unlock and re-lock event increased circulating supply slightly, but overall exchange balances remain at historic lows. Active trading and surging volume, with 24-hour volume reported around $3.85 billion, reflect heightened market interest, solidifying XRP as the #4 cryptocurrency by market capitalization, now at approximately $130.5 billion. The current market rally aligns with broader gains in major cryptocurrencies and strong institutional adoption signals.