Why is XRP price up today?

$XRP was the best-performing cryptocurrency in the top ten list by market capitalization on April 16, 2026, fueled by rising institutional demand.

The price of this token rallied as much as 4% on Thursday, reaching a 24-hour high of $1.43. As of press time, $XRP price had gained 1.95%, thus trading at about $1.40.

Over the past 24 hours, the token’s market capitalization increased by $3.4 billion, reaching $87.2 billion at the time of writing. As a result, $XRP price outperformed other top-ten crypto assets, with Dogecoin (DOGE) coming close with a 3.71% uptick, according to data from CoinMarketCap.

$XRP price outperformed the rest of the top crypto assets as its robust fundamentals catalyzed gains. Moreover, institutions globally increased their demand for $XRP Ledger services amid renewed regulatory debate over the Clarity Act in the United States.

$XRP price gain on institutional confidence

$XRP price rebounded today, majorly bolstered by a fresh wave of capital from institutional investors. As Finbold reported earlier, the $XRP spot exchange-traded funds (ETFs) recorded a net cash inflow of $17.11 million on April 15, their largest single-day inflow in more than two months.

Consequently, the U.S. spot $XRP ETFs have added nearly $30 million in net cash inflows over the past three days, bringing their total assets to more than $1 billion.

Meanwhile, the organic demand for the token has increased in different jurisdictions as more institutions build on the $XRP Ledger (XRPL). For instance, XRPL’s adoption gained traction after SBI Ripple Asia launched a regulated tokenization platform. Among other notable developments, the network’s addresses have surged to an all-time high (ATH) of above 8.1 million, as Finbold highlighted.

Institutional flow may continue to drive the token’s near-term price action. Sustained ETF inflows above the $15 million daily threshold can reinforce bullish momentum toward the $1.50 resistance level. Conversely, a reversal in net flows can increase the risk of a pullback toward the support zone between $1.30 and $1.35.