XRP Surges 3.82% Amid $12.98M ETF Inflows and Eight-Year Low Exchange Balances

XRPUSDT has seen a 3.82% price increase over the last 24 hours, currently trading at $2.1472 on Binance. This price movement is primarily attributed to bullish market sentiment driven by anticipation surrounding new digital asset legislation in the US and expectations of Federal Reserve interest rate cuts. Additionally, significant institutional inflows into XRP-focused ETFs, including net inflows of $12.98 million, and a surge in whale transactions have contributed to market momentum. XRP exchange balances have declined to an eight-year low, suggesting increased holding activity. The 24-hour trading volume has reached approximately $4.996 billion, with XRP’s market capitalization estimated near $130 billion, reflecting strong trading activity and continued interest from both retail and institutional participants.