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Bitwise Spot XRP ETF Surpasses $507M Amid Institutional Demand

Guavy AI Editorial Team
Instruments
XRP
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Despite XRP's price consolidation between $1.36 and $1.38 after an 8.2% drop from its August peak, the Bitwise spot XRP ETF has surpassed $507 million in assets under management, holding 364.8 million XRP tokens.

This growth indicates significant institutional inflows, more than doubling since July, suggesting confidence in XRP's long-term potential despite short-term price volatility.

Key price levels to watch are support at $1.30-$1.35 and resistance at $1.50-$1.60, with traders eyeing a potential move back to $1.70 and beyond.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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