XRP Price Surges 8% on Japan’s New Crypto Rule, ETF Inflow
Ripple (XRP) price surged by about 8% over 24 hours to $1.23 on Monday amid geopolitical catalysts and renewed institutional appetite, driven by exchange-traded fund (ETF) inflows.
Japan’s lower house has approved a bill to bring major cryptocurrencies like XRP under the Financial Instruments and Exchange Act, classifying them as financial instruments akin to stocks.
The proposal also includes a major tax reform, replacing a top rate of 55% with a flat 20% capital gains tax. Crypto analysts said the development is bullish for XRP’s regulatory clarity and adoption in a major market.
Traders emphasised that the clearer legal framework and significantly lower tax burden could attract more institutional and retail investment from Japan
In addition, the token’s positive price movement was buoyed by a major geopolitical peace deal that eased macro fears, supported by strong XRP-specific ETF inflows and anticipation of a key network upgrade.
A U.S.-Iran peace deal, announced on June 15, includes reopening the Strait of Hormuz and ending a naval blockade. This eased fears of an oil supply shock and sparked a broad risk-on rally, lifting Bitcoin 2.68% and pulling altcoins like XRP higher.
XRP exchange-traded funds saw over $10 million in net inflows in the past business week, defying outflows from Bitcoin and Ethereum products.
Institutional demand via ETFs provided a fundamental bid, while the network upgrade reinforced long-term utility narratives.
The immediate technical structure shows XRP testing the $1.20 level after a strong volume surge. The 7-day relative strength index at 80.88 signals overbought conditions, suggesting potential for a short-term pullback.
However, crypto analysts said a daily close above $1.20 would confirm bullish continuation; a break below $1.14 would invalidate the near-term uptrend.
XRP’s surge is a combination of macro-driven beta and coin-specific alpha from ETF inflows. The peace deal provided the spark, while institutional flows added fuel. XRP Price Climbs as Ripple Launches XRPL AI Starter Kit
