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XRP Price Retreats Amid Institutional Inflows

Guavy AI Editorial Team
Instruments
XRP
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Ripple's XRP token is currently trading at $1.32 after experiencing a 3% daily decline and 7% weekly drop, according to current market data.

The price pullback follows an impressive 72% surge throughout August that propelled the digital asset from $1.00 to $1.70.

However, institutional capital continues flowing into XRP investment vehicles, with US-based spot XRP exchange-traded funds registering $14 million in net inflows on Tuesday, bringing total cumulative inflows to $1.68 billion.

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