XRP rises 6%, trading data points to institutional accumulation

XRP price rose by about 6% to approximately $1.42, with spot buying significantly exceeding 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 about $1.1 billions, attracting continuous capital inflows, while Bitcoin ETF has underperformed 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 the previous trading range.