XRP's market capitalization has moved back above $100 billion after the token jumped more than 8% in 24 hours. Spot XRP ETFs logged fresh net inflows on the move, while large-holder activity hit its highest level in a month.
XRP retests key resistance
XRP's market capitalization surged back above the $100 billion mark, according to CoinGecko data. The move followed XRP's price jumping more than 8% over the past 24 hours. After tapping the resistance zone of $1.65, buyers appear to be preparing for another move.
XRP now ranks among the best-performing cryptocurrencies in the top, alongside Arbitrum (ARB), Flare (FLR), and Zcash (ZEC). Yet the token remains down more than 55% from its record high, set roughly a year ago, meaning it could have more room to run if the rally continues.
Growing XRP ETF demand
U.S. spot XRP ETFs recorded $13.03 million in net inflows on Sept. 22, up from zero the day before, according to CoinGlass data. Cumulative net ETF inflows now stand at approximately $936.66 million. A single fund accounted for roughly $12.47 million of that total, equivalent to about 95.7% of the day's net buying.
High-value activity climbs
According to Santiment, 1,917 transactions worth at least $100,000 were recorded on Tuesday, alongside 3,647 newly created XRP wallets. Large-holder activity surged while XRP was moving upward rather than collapsing. This marks the highest level of high-value activity recorded by the XRP Ledger over the past month.
Source: U.Today
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