About 992.5 million XRP tokens are now locked in seven institutional funds offering XRP ETF products, reflecting strong investor interest despite XRP's recent price volatility and low daily closes. These ETFs have attracted $1.51 billion in net inflows, signaling growth in XRP's institutional market access. Importantly, this accumulation is not due to Ripple's direct involvement but rather growing demand from investors using ETF platforms. However, recent trading sessions show slowing momentum with no new capital inflows, though assets under management remain substantial.
South African bank Absa has launched Absa Digital Asset Custody, powered by Ripple's custody technology, marking a first for Africa's institutional digital asset management. The service offers a secure, regulated environment for safeguarding digital ...
XRP's market capitalization surged by nearly $7 billion on September 21, reaching $93.49 billion as its price climbed to $1.49, marking a 7.8% gain in 24 hours. This rally is driven by investor optimism about potential institutional adoption of the X...
XRP surged 8.7% to $1.49, approaching a critical resistance zone between $1.49 and $1.54. If it breaks and holds above this level, analysts expect a rally toward $1.64 and potentially $2. However, failure to sustain above this zone could trigger a sh...
Ripple has partnered with Absa Corporate and Investment Banking (CIB) to launch Absa Digital Asset Custody, expanding Ripple's custodial services into Africa. This new platform will provide institutions with a secure, regulated environment to safegua...
XRP's price surged to $1.48 following a $2.2 billion institutional buy-up that reversed its medium-term downtrend. The token recovered from a local low of $1.29 as large holders stepped in, supported by positive legal clarity and strong buying intere...
