XRP News Today: XRP ETFs Draw $600M in Investments, Yet Price Remains Stuck Under $2.20 Barrier
- XRP ETFs approved by NYSE, including Franklin Templeton's XRPZ and Grayscale's GXRP , attracted $600M in combined inflows as institutional demand grows for Ripple's token. - Regulatory milestone enables structured institutional access to XRP, with Franklin Templeton's $62.59M and Grayscale's $67.36M inflows highlighting traditional asset managers' crypto appetite. - XRP price remains trapped below $2.20 resistance at $2.13 despite ETF inflows, with technical analysts noting a rising wedge pattern and cri
The digital currency sector is undergoing a significant transformation as
These regulatory green lights represent a key milestone, providing institutional players with a compliant route to invest in XRP. Franklin Templeton’s ETF, structured as a grantor trust and utilizing Coinbase as its custodian,
Despite the surge in institutional participation, XRP’s price has experienced significant fluctuations. The token is currently valued around $2.13,
Market analysts are closely watching the relationship between ETF inflows and blockchain activity. In late November, a 10% rally in XRP’s price coincided with $164 million entering ETFs,
The regulatory landscape is also shifting. The NYSE’s approval of several XRP ETFs under the Exchange Act of 1934 marks a notable change in regulatory attitudes toward digital asset products,
Looking forward, attention will be on whether XRP can maintain its position above $2.20 amid ongoing technical and macroeconomic challenges. The upcoming ETF launches,
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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