XRP is currently trading at $2.14, experiencing slight fluctuations with a 24-hour trading volume of $4.45 billion. Despite recent volatility, XRP investment products have seen significant institutional interest.
CoinShares reports net inflows of $37.7 million into XRP investment products last week. This surge positions XRP as a leading altcoin among institutional traders, nearing Ethereum's year-to-date investment totals. Coinbase recently launched XRP futures contracts, further boosting network activity.
While broader crypto markets experienced outflows, XRP's momentum is supported by increased network utilization and positive sentiment. Chart watchers are eyeing $2.18 as the next resistance level, with support holding at $2.06. Bitcoin's performance above $88,000 is also contributing to overall crypto market confidence.