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XRP Price Fails to Hold $1.06 as Escrow Release Meets ETF Demand

Guavy AI Editorial Team
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XRP
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XRP's price is currently around $1.07, influenced by Ripple's monthly escrow release and growing institutional demand through U.S. spot XRP ETFs.

The upcoming week will feature key economic reports, including Non-Farm Payrolls and the ISM Manufacturing PMI, which could impact crypto sentiment.

Ripple's predictable escrow release mechanism adds a limited amount to circulating supply each month, but institutional demand is improving due to decreasing exchange balances and increasing adoption of the XRP Ledger.

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