The Bitwise XRP ETF attracted $15.4 million in client subscriptions while XRP traded close to $1.40, reflecting continued demand for regulated XRP exposure despite price volatility. This inflow represents investor purchases through the ETF, not a discretionary corporate investment by Bitwise, and supports holding more XRP in custody. Overall, seven U.S. spot XRP funds have seen $1.57 billion in inflows by late August, led by Bitwise with $542 million. While XRP's price fluctuated between $1.30 and $1.40, ETF inflows indicate sustained institutional interest, though market price also depends on broader trading dynamics and sentiment.
Bitcoin's price slightly increased by 0.07% to $80,490 despite the total cryptocurrency market capitalization falling 3.52% to $2.69 trillion. Bitcoin dominance remains strong at 60%, while Ether and other major tokens like XRP, BNB, Solana, and Doge...
A crypto analyst's chart highlights that XRP's price is at a crucial point near $1.24, where it could either drop further or start recovering. The chart shows XRP recently trading around $1.26, with a bearish scenario if it falls below $1.24, targeti...
David Schwartz, Ripple's CTO emeritus, suggested that XRP could serve as a bridge connecting various Bitcoin representations on the XRP Ledger (XRPL). This means that wrapped or bridged Bitcoin tokens on XRPL might depend on XRP to transfer value bet...
Mastercard is partnering with XRPL Commons for the XRPL AI & Fintech Hackathon in New York, a 36-hour event with over $40,000 in prizes across four innovation tracks. Separately, Mastercard announced plans to support settlement using regulated stable...
XRP/USD pulled back to $1.2735 from near $1.65, with technical analysis showing a wave 2 decline on Elliott Wave count. The Relative Strength Index (RSI) hit 31.76, indicating the token is near oversold territory but showing a bullish divergence wher...
