XRP climbed to the top of Upbit’s 24-hour trading volume this week, surpassing Bitcoin and Ethereum. The surge followed a spike in ETF inflows into U.S. XRP ETFs—the largest in four months—and a congressional markup vote on the CLARITY Act. Meanwhile, the fear and greed index showed a shift toward optimism. CME Group and NASDAQ announced a new crypto index futures contract launching June 8, including XRP and other major tokens.

XRP surged to the top of trading activity on South Korea’s Upbit this week, becoming the exchange’s most traded asset over the past seven days. The token pulled in about $110 million in 24?hour volume, overtaking both Bitcoin and Ethereum as traders piled in.The rally coincided with the largest inflows into US XRP exchange?traded funds in four months, while funds focused on Bitcoin and Ethereum saw outflows. Adding fuel to the momentum, CME Group and NASDAQ announced they will launch a single crypto index futures contract on June 8 that covers Bitcoin, Ethereum, Solana, XRP, Cardano, Chainlink and Stellar—an institutional signal that regulated market infrastructure is expanding around digital assets.Price action reflected that growing optimism. XRP jumped roughly 4% in 24 hours to trade near $1.50, while Bitcoin hovered around $81,450 and Ethereum near $2,287. The move followed a key congressional markup vote on the CLARITY Act, a proposed federal bill that has become a focal point for payment?oriented tokens.What the CLARITY Act would change- It would codify a federal court decision that secondary?market sales of XRP are not securities, resolving long?standing legal uncertainty around the token.- Section 401 would explicitly allow US banks to use digital assets for payments, custody and settlement without seeking prior regulatory approval.For Ripple—the operator of the XRP ledger and issuer of the RLUSD dollar?backed stablecoin—those provisions would create a clearer pathway into the US banking system. That regulatory clarity is being priced into other networks with similar use cases: Stellar Lumens, Cardano and Hedera also outperformed Bitcoin during the same session. Market reports suggest traders are grouping these tokens together as “institutional payments” infrastructure—so when the regulatory picture brightens for one, it tends to lift the others.The CLARITY Act hasn’t become law yet, but the recent markup vote was enough to move capital. Investors appear to be rotating into assets perceived as ready for a regulated environment where banks can plug crypto rails directly into existing payment systems. With the futures launch on CME/NASDAQ and ongoing legislative developments, the next few weeks will be critical for how institutional flows and prices evolve across payment?focused digital assets.