XRP's Calm Price Action Masks Underlying Supply Squeeze, Experts Say

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Recent weeks have seen a notable increase in conversations surrounding XRP, with the cryptocurrency trading around the $2.2 mark. This stability comes despite growing institutional demand, fueled by new Spot XRP ETFs attracting significant inflows. An XRP enthusiast, known as Pumpius, has shed light on the underlying market dynamics, suggesting that the current price action does not yet reflect the full impact of these behind-the-scenes developments.

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