XRP rises 6%, trading data points to institutional accumulation

XRP price rose by about 6% to approximately $1.42, with spot buying significantly outpacing selling. According to data from one exchange, retail purchase volume increased by 212% between February 23 and 24. Since mid-November last year, the newly launched XRP exchange-traded fund has accumulated net assets of around $1.1 billions, attracting continuous capital inflows, while bitcoin ETF performance has declined this year. Traders are watching whether XRP can establish support in the $1.40 to $1.42 range and break through the $1.45 resistance level; if it falls below $1.37, it may return to its previous trading range.