XRP News Today: XRP Surges to $90—Is This a Retail Buying Craze or the Start of Institutional Investment?
- XRP surged to $90 on Kraken amid institutional interest and the exchange's $800M funding round, valuing it at $15B ahead of a 2026 IPO. - Kraken's U.S. XRP ETF (XRPC) generated $58.6M in first-day trading, but XRP dropped 4.3% as macroeconomic pressures offset ETF inflows. - The exchange's Citadel Securities partnership and global expansion highlight its push to integrate crypto into mainstream finance, though XRP remains in a medium-term downtrend. - Analysts caution that real-world adoption and regulat
XRP experienced a dramatic price jump to $90 on Kraken, fueled by heightened institutional interest and key strategic moves at the exchange, reigniting discussions about Ripple’s future in the broader market. This price rally happened alongside Kraken’s recent $800 million capital raise,
The
Kraken’s recent initiatives have boosted confidence in XRP’s practical use. Its collaboration with Citadel Securities—a major force in traditional finance—
The central issue remains: Will XRP’s story shift beyond being a target for retail speculation? Analysts warn that while the ETF debut and Kraken’s fundraising are encouraging, lasting price stability will depend on tangible utility—such as greater uptake by financial institutions or clearer regulations.
Kraken’s rising valuation and XRP’s price swings highlight significant changes in the crypto landscape. As Kraken moves toward a public listing and broadens its product lineup, institutional players are watching to see if Ripple can achieve what
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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