Although the XRP community saw its largest cryptocurrency exchange hack of 2026 on September 26, as Finbold reported, this token experienced bullish sentiment today.
At the time of writing, XRP price was up 4.12% over the past 24 hours, to $1.57, according to data from CoinMarketCap.
As such, the token’s market capitalization has climbed to $99.07 billion at the time of reporting. The altcoin’s 24-hour trading volume had gained 55.85%, hovering at approximately $7.37 billion.
XRP price defied the bearish news today, as tokens worth roughly $157 million were drained from the Bitget cryptocurrency exchange, as Finbold detailed.
As a result, the token has signaled potentially strong demand, especially from whales and institutional investors. Moreover, XRP Ledger (XRPL) has gained significant traction in tokenization, cross-border payments, and Decentralized Finance (DeFi) compatibility over the years.
What influenced XRP price performance today?
XRP price rallied on Friday following relentless institutional demand. For instance, the United States spot XRP exchange-traded funds (ETFs) have recorded about $52.95 million in cash inflows this week.
As such, these spot ETFs have seen 11 consecutive weeks of cash inflows, pushing their net assets to $1.70 billion at the time of publication, based on metrics from SoSoValue.
Meanwhile, XRP whales, XRPL addresses with a balance between 1 million and 10 million tokens, have accumulated 470 million XRP over the past five days through Thursday, worth over $724 million, as per updates from Santiment.
Consequently, XRP’s price performance today, which saw a rally despite the Bitget hack, was catalyzed by renewed demand from institutional investors led by United States spot ETF issuers, who have been on a buying spree.
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