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XRP Price Holds Near Key Level as Spot ETF Inflows Strengthen

Guavy AI Editorial Team
Instruments
XRP
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The price of XRP has been holding steady near $1.55 as spot ETF inflows have strengthened in the US, totaling around $52.95 million over September 22-24.

This influx is part of an increasing trend for regulated investment instruments related to XRP, with ProShares' UXRP and other products allowing investors to leverage their exposure to the crypto.

Xaif Crypto highlighted that UXRP aims to replicate twice the daily movement of the Bloomberg XRP Index, making it a technical tool for those seeking leveraged returns on XRP.

As for the short-term market action, ChartNerd pointed out that $1.55 is an important liquidity zone for XRP due to its recent price action and neutral funding levels.

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