XRP Surges with $105 Million Inflows, Becomes Second-Best Performing Altcoin

The cryptocurrency market remains as dynamic as ever, with investment products seeing $527 million in inflows last week, despite fluctuating investor sentiment. While Bitcoin dominated with $486 million in inflows, a surprise contender emerged—XRP, now ranked as the second-best performing altcoin after Ethereum.

According to CoinShares, XRP has attracted $105 million in inflows this year, with $15 million pouring in just last week. This resurgence follows a period of relative quiet for the token, which is now regaining traction as institutional investors take notice.

Ethereum, despite securing $177 million in inflows this year, struggled last week, recording net zero flows. A combination of market factors, including the tech sector’s downturn following Nvidia’s stumble, as well as internal conflicts and growing skepticism within the Ethereum community, has contributed to its recent volatility.

XRP’s recent surge can largely be attributed to Ripple’s expanding influence in cross-border payments. Moving beyond traditional crypto applications, Ripple is solidifying its role in the global financial ecosystem, leveraging a growing network of institutional partners.

Furthermore, XRP’s U.S.-based roots could give it a regulatory advantage, especially as tax policies and compliance frameworks evolve. Unlike other major cryptocurrencies, XRP has achieved this level of growth without the backing of an exchange-traded fund (ETF).

While XRP’s performance has been impressive without an ETF, speculation is growing over a potential approval. If an XRP ETF becomes a reality, institutional investment could skyrocket, further cementing its position among top altcoins.

Could XRP eventually challenge Ethereum for its spot just behind Bitcoin? If current trends continue and institutional backing strengthens, that possibility is no longer far-fetched.