XRP Soars! Historical Record and Institutional Demand Drive the Cryptocurrency?
Attention, crypto enthusiasts! XRP is at the center of everyone's attention. The token has staged an astonishing rise, reaching $3.40 and nearing its all-time high from 2018. This impressive ascent is accompanied by unprecedented institutional interest; could this be the beginning of a new era for XRP?
An Unstoppable Takeoff
In just 24 hours, XRP experienced a 10% increase in its price, culminating a spectacular week with a 35% surge. Its market capitalization skyrocketed to over $192 billion, positioning it as one of the most explosive tokens of the moment. But this time, the momentum goes beyond retail speculation.
The Institutional Wave: The Engine of Growth?
The interest of "whales" and institutions is driving this rise. A long position of $15 million on Hyperliquid and one of the highest long-short ratios among major cryptocurrencies demonstrate widespread confidence in future increases.
Moreover, companies like VivoPower (clean energy) and Webus (transportation) have begun adopting XRP as a treasury reserve asset, signaling a real use and not just speculative. Even leveraged XRP ETFs are attracting more assets than ever, with the Teucrium ETF doubling its value in July. And it doesn't stop there! ProShares will launch three new XRP funds this week, providing investors with more tools to bet on its movement.
Where is XRP Heading?
This is not just another pump and dump. The demand appears to be structural, driven by growing corporate and institutional interest. XRP is demonstrating its resilience and potential, opening new possibilities in the landscape of digital finance.
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