XRP Price Dips Amid US-Iran Tensions Despite Strong Network Growth
Ripple's XRP price has fallen to $1.32 due to US-Iran geopolitical tensions and broader crypto market weakness, despite a strong 72% rally in August.
Despite this decline, XRP-focused ETFs in the US saw $14 million inflows on Tuesday, pushing total inflows to $1.68 billion, indicating continued institutional interest in the cryptocurrency.
The XRP Ledger achieved a milestone of 3 billion transactions with a 200% surge in on-chain volume, highlighting robust network activity and growth.