XRP increased by 11% approaching $2.40.

Rise in XRP

XRP showed an increase of 11%, approaching the $2.40 level due to heavy institutional trading and a decrease in exchange supply. This rise has caught the attention of investors.

Market Strengthened by ETFs

In the United States, XRP Exchange-Traded Funds (ETFs) brought in $48 million, raising the total inflow since November to over $1 billion. Investors continue to show interest in the opportunities presented by ETFs.

Impact on Market Sentiment

Most investors are observing a positive shift in market sentiment. The primary reason for this is the more favorable regulatory environment in the United States and recent changes by the U.S. Securities and Exchange Commission (SEC).