XRP experienced a significant abnormal fluctuation today, with a rise of 3.07%, and the underlying driving factors are quite interesting.

First, from the price performance perspective, XRP's increase on January 5th has already far exceeded the market's previous expectation of "at least 25%", indicating that the market reaction speed is even faster than estimated. This outperformance usually suggests ongoing accumulation of buying pressure or external catalytic factors accelerating the trend.

Second, on the policy and institutional level, progress related to Bhutan's central bank digital currency (CBDC) has been ongoing, along with many positive signals from institutions. Schwartz's market analysis framework has also been recently validated in real-time, indicating that there may indeed be substantial policy pushes or significant movements at the institutional level.

Most convincingly, trading data shows that XRP ETF's trading volume on that day exceeded $59 million and continues to rise. This level of institutional capital inflow indicates that this is not driven by retail sentiment, but rather genuine institutional liquidity rapidly entering the market.

Looking at specific indicators, the trigger price is at 2.34, with a 3.07% increase over 5 minutes, 1.87% over 15 minutes, 2.62% over 30 minutes, 2.92% over 1 hour, and a surge to 7.26% on the 4-hour chart, with multiple timeframes showing quite synchronized performance.