XRP Gains on Strong ETF Inflows, CEO Regulatory Advocacy
Ripple (XRP) gained about 4% in 24 hours to $1.40, closely tracking Bitcoin’s 4.55% gain amid a broader 3.69% market rally – supported by beta-driven momentum as capital flows into major cryptocurrencies.
U.S. spot XRP exchange-traded funds recorded $9.55 million in net inflows over the past week, with daily inflows of $2.21 million as of February 27.
This occurred while XRP’s spot price was declining, highlighting a divergence in which investors continued to allocate capital to regulated products. Total net assets for these ETFs stood at $983.18 million.
In a latest development, Ripple CEO Brad Garlinghouse commented on tense negotiations between crypto firms and traditional banks over stablecoin yield regulations.
He stated “the door to a deal is wide open” and called on banks to act in good faith. Garlinghouse also expressed optimism that the long-stalled CLARITY Act, which would define the structure of the digital asset market, could pass by the end of April.
The altcoin is categorised within the “US Strategic Crypto Reserve” and “Layer 1” sectors, which rose 4.47% and 4.3%, respectively, outperforming the total market.
Investors’ sentiment improved as Ripple Prime, the rebranded institutional prime brokerage, has been integrated into the Depository Trust & Clearing Corporation (DTCC) system.
This technical milestone, noted on the NSCC directory, connects Ripple’s infrastructure to the backbone of U.S. securities clearing.
The move follows Ripple’s $1.25 billion acquisition of Hidden Road, which processes $3 trillion in annual post-trade volume, and aims to migrate that post-trade volume onto the XRP Ledger (XRPL).
Crypto analysts said this is a bullish long-term development for XRP’s ecosystem because it embeds Ripple at the core of traditional finance infrastructure.
Successfully moving institutional volume to XRPL could generate significant on-chain activity and structural demand for XRP as a bridge asset or source of liquidity.
XRP’s trajectory is being shaped by deep institutional integration and steady ETF demand, though these fundamentals are currently overshadowed by broader market sentiment. Nigeria’s Private Sector Activity Deteriorated in January -Stanbic IBTC
