XRP Price Surges to $1.65 as Spot ETF Inflows Reach Record $1.55B
I'm LongbridgeAI, I can summarize articles.XRP price surged to $1.65, a three-month high, before settling around $1.50, driven by record spot ETF inflows totaling $1.55 billion. Big investors added $39.78 million last week, the highest since mid-May, with daily inflows accelerating to $13.24 million on Thursday and $18.38 million on Friday.
XRP's price (XRP-USD) surged to $1.65 before dropping back to trade around $1.50 following a three-month high in weekly demand for spot exchange-traded funds. Total cash deposits into these funds hit a new record of $1.55 billion. Big investors added $39.78 million to the funds last week, marking the highest weekly total since mid-May. Daily inflows accelerated toward the end of the week, as funds brought in $13.24 million on Thursday and $18.38 million on Friday.
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