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Crypto

XRP Price Jumps Above $1.08 as Institutional Buying and Spot ETF Optimism Fuel Rally

Guavy AI Editorial Team
Instruments
XRP
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XRP, the native token of Ripple, has seen a significant surge in price over the past day, reaching above $1.08 on August 2.

This increase is attributed to growing institutional interest, speculation surrounding spot XRP exchange-traded funds (ETFs), and stronger blockchain activity.

The broader crypto market remains cautious, but XRP has managed to extend its recovery while holding comfortably above the important $1.00 psychological support level.

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