Singapore-based exchange Bitrue reported a 212% surge in $XRP spot buy volume, with purchases outpacing sells more than 2:1 between Feb 23–24.
This spike aligns with growing institutional exposure via XRP ETFs, which have accumulated ~$1.1B in net assets since November, with only five outflow days.
Price reaction followed:
X $XRP tapped $1.49
Currently ~$1.43
Weekly structure stabilizing
On-chain context:
30D MVRV back to neutral (0.1%)
Leverage flushed during Feb shakeout
Accumulation phase narrative building
Key levels:
$1.40-$1.42 → new support zone
$1.45 → breakout trigger
$1.50 / $1.57 → next upside targets
Lose $1.37 → false breakout risk
Retail + institutional alignment is notable.
If demand persists while supply tightens, Q2 could see relative outperformance.
Confirmation still depends on holding structure above $1.40