XRP Price Surges 8% on Japan’s New Crypto Rule, ETF Inflow

Ripple (XRP)  price surged by about 8% over 24 hours to $1.23 on Monday amid geopolitical catalysts and renewed institutional appetite, driven by exchange-traded fund (ETF) inflows.

Japan’s lower house has approved a bill to bring major cryptocurrencies like XRP under the Financial Instruments and Exchange Act, classifying them as financial instruments akin to stocks.

The proposal also includes a major tax reform, replacing a top rate of 55% with a flat 20% capital gains tax. Crypto analysts said the development is bullish for XRP’s regulatory clarity and adoption in a major market.

Traders emphasised that the clearer legal framework and significantly lower tax burden could…