XRP cryptocurrency has surged to $2.63, overtaking Binance Coin as the third-largest crypto by market cap. The move follows a +12.8% weekly rally, sparking discussions on XRP’s institutional potential. Evernorth, a digital asset treasury initiative, aims to tighten XRP supply, backed by Ripple co-founder Chris Larsen. Grayscale, Bitwise, and others are racing to launch XRP ETFs amid growing interest. CME futures open interest hits $9.9B, while XRP spot ETFs gather over $100M in AUM. Retail sentiment remains low, creating a contrarian setup as institutional accumulation rises. XRP price is currently at $2.61, showing technical strength and potential upside targets at $2.90 and $3.40. The RSI indicator supports further gains, indicating a possible +11% jump to $2.9.

Read more at Yahoo Finance: Institutional XRP News on Verge of Going Parabolic