XRP Surges 8.65% as $800M Institutional Inflows and ETF Approval Drive Price Near All-Time High

XRPUSDT has experienced a notable price increase of 8.65% over the past 24 hours, with the current price at 3.3124 USDT on Binance. This upward movement is primarily attributed to heightened trading activity, significant institutional inflows totaling $800 million, and increased real-world adoption such as the Dubai Land Department recording real estate ownership on the XRP Ledger. Additional momentum has come from the broader altcoin rally, XRP nearing its all-time high, and the recent approval of the ProShares Ultra XRP ETF, which has bolstered institutional interest. Despite some profit-taking and large-scale sales by early holders, bullish technical patterns and strong trading volumes—ranging from $11.21 billion to $14.19 billion in the last 24 hours—have supported the price surge. XRP’s market capitalization stands near $190.92 billion, with a circulating supply of approximately 59.13 billion XRP.