XRP (CRYPTO: XRP) remains below the $2 mark since mid-January, but rising network activity and institutional inflows are fueling speculation of a potential Q2 rebound.
The XRP Activity Spike
Singapore-based crypto exchange Bitrue reported a sharp increase in XRP activity, with spot purchase volumes surging 212% and buy orders outpacing sell orders by more than two-to-one.
The spike coincides with continued institutional accumulation following the launch of XRP ETFs. XRP has attracted $1.1 billion in net assets, recording consistent weekly inflows and only five days of outflows over the period measured.
Bitrue said the combination of retail and institutional demand could create supply pressure in Q2, …