XRP Surges 3.28% to $1.90 as Institutional Inflows Hit $30M and Canadian ETF Launches

XRPUSDT experienced a 3.28% price increase over the past 24 hours, reaching $1.9032 on Binance. This upward movement is attributed to strong institutional interest, as reflected in significant net inflows into XRP spot ETFs ($30.41 million) and a robust trading volume of $63 million on ETF platforms, while BTC and ETH ETFs saw net outflows. Additional positive sentiment was generated by 3iQ's XRPQ launch as Canada's largest XRP ETF and sustained inflows from large transfers, such as the 2,049,900 XRP moved to Binance. Market volatility was also influenced by broader factors, including the Federal Reserve's balance sheet update and ongoing discussions about Ripple's legal situation with the SEC.

Currently, XRPUSDT trades at $1.9032 on Binance, with a 24-hour open of $1.8427 and trading volume exceeding $3 billion, maintaining its position as the fifth-largest cryptocurrency by market capitalization.