XRP Spot Volume Surges 212% as Bitcoin ETFs See $506M Inflow; Dogecoin Tops $0.10
XRP spot purchase volumes spiked 212% on Singapore exchange Bitrue between Feb. 23–24, with buy-side activity outpacing sells by better than 2:1. The exchange tied the surge to ongoing institutional accumulation following the launch of XRP ETFs; since mid-November those ETFs have drawn roughly $1.1 billion in net assets with positive weekly inflows most weeks. Separately, U.S. spot Bitcoin ETFs recorded a $506.5 million single-day net inflow on Feb. 25, led by BlackRock (≈58% of the day’s inflow), signalling renewed institutional demand amid Bitcoin’s rally toward ~$69,150. In the meme-coin space, Dogecoin jumped about 7–8% in 24 hours to an intraday high near $0.1057, reclaiming the $0.10 level after a low near $0.09335; analysts attribute the move to capital rotation and a short squeeze. Key market indicators: XRP volume +212% (Bitrue); Bitcoin ETF inflow +$506.51M (single day); Dogecoin price peak ≈$0.1057 (+~8%). Traders should note concentrated institutional flows into XRP and BTC ETFs and increased meme-coin volatility that could produce short-term trading opportunities but may also raise liquidity and sentiment-driven risk.
Bullish
The news points to renewed institutional demand and higher on-chain/spot activity—both bullish signals. A 212% jump in XRP spot purchase volume, especially when buy-side outpaces sell-side by more than 2:1, indicates concentrated accumulation likely tied to ETF-related flows; similar ETF-driven demand historically supports price appreciation (e.g., prior ETF launches for other assets). The $506.5M single-day net inflow into U.S. spot Bitcoin ETFs — led by BlackRock — signals returned institutional confidence and buying power that often underpins multi-week rallies. Dogecoin’s ~8% surge reflects capital rotation and short-covering; while volatile, such moves often amplify broader bullish sentiment and can attract momentum traders. Short-term impact: elevated volatility across these assets with potentially stronger upward price moves for XRP and BTC as ETF inflows continue; traders should watch volume, ETF daily flows, and key support/resistance levels (DOGE support ~$0.095, resistance/near retracement ~$0.1023). Long-term impact: sustained institutional flows (consistent ETF inflows) can improve liquidity and price floor for BTC and XRP, making longer-term appreciation more likely if inflows persist. Risks: profit-taking, intermittent outflows from ETFs, or macro liquidity shocks could reverse gains quickly. Overall, the combination of ETF inflows and concentrated spot accumulation leans bullish but remains sensitivity to sentiment and volatility.