In a twist that would make a poet weep and a trader giddy, Bitrue, the Costa Rican-based crypto exchange, has declared a crescendo of XRP activity. One might think the digital gold rush had finally spilled over from the hills of San José into the blockchain ether, leaving institutional investors with nothing but a feverish grin and a calculator.
With a tweet that could rival a sonnet in its dramatic flair, Bitrue proclaimed a 212% surge in XRP spot purchase volumes-a figure so staggering it outpaced sell orders by a margin that would make even a gluttonous hummingbird blush. Between Feb. 23 and 24, retail buyers danced through the numbers like a waltz, buying twice as much as they sold. One wonders if the Costa Rican avocados are now being traded in XRP too.
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This surge, Bitrue insists, coincided with an institutional accumulation phase that began when XRP ETFs launched like a rocket fueled by caffeine and ambition. Since November, these funds have attracted $1.1 billion in assets, with inflows outnumbering outflows like a well-rehearsed symphony. One might say the market is conducting a rhapsody of retail frenzy, with institutions humming along in the background.
#Bitrue has recorded a spike in #XRP activity as institutional appetite grows.
We recorded a 212% increase in XRP spot purchase volumes, outpacing the sell side by over 2x, the surge coinciding with an accumulation of XRP that’s been ongoing from institutional investors since…
– Bitrue (@BitrueOfficial) February 26, 2026
As the dust settles on this digital gold rush, Bitrue prophesies a potential supply squeeze that might send XRP soaring past its rivals like a hummingbird dodging raindrops. If the price holds at $1.40-$1.42, it could ascend to $1.57, but should it dip below $1.37, one might say the whole endeavor risks becoming a tragicomedy of mistaken support levels.
XRP price jumps
Altcoins, in their brief moment of glory, led a rebound that would make a Renaissance painter weep. XRP reached $1.49 before retreating like a lover reconsidering their vows. At $1.43, it now teeters on the edge of a knife, with traders watching the $1.45 threshold like hawks-or perhaps like Pasternak’s characters waiting for the next stanza of fate.
As forced selling clears the decks, traders now enter a quiet accumulation phase, where patience is a virtue and XRP’s 30-day MVRV has returned to neutral. If the price climbs above $1.45, the stage is set for a encore. If not, the market may yet turn this rally into a farce, replete with dramatic irony and misplaced hopes.
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2026-03-02 14:26