XRP Institutional Accumulation Fuels $8 Price Target Optimism
Reports of high-volume institutional buying are trending, especially after XRP fell below the $3 price level on Monday. The leading altcoin fell below $3 level after nearly two weeks in the charts. The dip is making traders take entry positions as it’s now at its weekly low. The dip in price comes after Bitcoin plummeted 3% in the last 24 hours, falling to a low of $115,000. Ethereum also fell to the $4,300 range after climbing above the $4,500 level. ETH is now down nearly 5% and showing weakness in the indices. The latest data from the Mitrade trading platform shows that institutional accumulation in XRP futures has reached more than $3 billion. In addition, XRP-based investment products saw an influx of funds worth $37.7 million in Q1 of 2025. Financial institutions are quietly positioning themselves in Ripple’s native cryptocurrency for bigger returns, initiating new strategies. This has made the altcoin gain positive sentiments despite its price dipping below the $3 mar...