XRP Price Surges 9.5% as Spot Market Demand Boosts Confidence

XRP has seen a significant price surge of nearly 9.5% in recent times, driven largely by strong spot market demand.

This type of demand is often indicative of genuine buying interest and can create a healthier market structure.

According to data, buying pressure increased across several major cryptocurrency exchanges, with positive Spot Cumulative Volume Delta (Spot CVD) confirming that buyers hold greater control than sellers.

The Relative Strength Index (RSI) has also moved above the neutral level of 50, a signal often associated with stronger buying momentum.

Additionally, institutional interest in XRP remains strong, with spot exchange-traded fund (ETF) products continuing to attract attention from large investors.