XRP's price has surged by 3.5% in the last 24 hours, riding the wave of a broader cryptocurrency market recovery. This upswing has been boosted by reports of institutional accumulation during the recent market dip. XRP-focused investment funds attracted $400,000 in the week ending July 5, and since then, the XRP/USD pair has risen by nearly 10%. This coincides with increasing Wall Street bets on a rate cut in September, following weaker-than-expected jobs data. XRP's gains also align with a slight increase in holdings by its wealthiest investors, indicating growing confidence among larger market players.