XRP price recorded a strong surge as it managed to break through the $2.20 level before consolidating above $2.35, in line with increasing investor interest in the major digital asset.
This move came in line with the strengthening of Bitcoin and Ethereum, but XRP performed relatively stronger as it broke through several key resistance levels in the recent trading session.
Among the main catalysts for this move were institutional fund inflows. The US-based XRP Spot ETF recorded inflows of $48 million on Monday, continuing a positive streak since the product was launched on November 13, with no outflows recorded so far.
Several related ETF products also recorded their highest daily trading volumes, pushing cumulative inflows past $1 billion in less than two months since launch.
Market sentiment was also influenced by positive developments from a regulatory perspective.
Traders appear to be increasingly confident that the crypto regulatory environment in the US is becoming more constructive, especially following the resignation of Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw, as well as ongoing discussions on market structure legislation expected to be unveiled in January.
XRP, which has long operated under legal uncertainty, is now seen as one of the digital assets that has most clearly benefited from the change in sentiment.
While market interest in XRP is growing, overall crypto price movements are still influenced by global sentiment factors and regulatory policy changes. Investors continue to monitor further developments from an institutional and legal perspective as they determine the next direction.
