Institutional Accumulation Tightens XRP Supply to Drive Price Toward $1.55

XRP's price reached $1.42 on April 16, pushing its market capitalization to $87.2 billion after a $3.4 billion increase. The price broke above its 50-day EMA at $1.4070, shifting short-term momentum to neutral-bullish. This movement is driven by institutional accumulation through seven U.S. spot XRP ETFs, which have recorded net inflows totaling $1.22 billion with assets under management now exceeding $1.25 billion. On April 15, XRP spot ETFs recorded a $17.11 million net cash inflow—the largest in over two months—and added nearly $30 million in inflows over three days. This sustained accumulation has tightened available supply, as exchange-held balances remain near multi-year lows. The underlying catalyst was a regulatory clarification from the U.S. Securities and Exchange Commission on April 15, confirming that non-custodial XRP Ledger platforms are not subject to broker-dealer registration requirements. This removed a key legal hurdle for institutional users of the XRP Ledger, including SBI Ripple Asia's regulated tokenization platform. XRP Ledger addresses reached an all-time high of 8.1 million. The price is currently testing resistance at $1.45, with a potential path to the 100-day EMA at $1.55.