XRP Price Rises on ETF Inflows and Tokenized Fund Launch

XRP price experienced a brief surge to $1.10 before pulling back due to persistent technical resistance, despite steady ETF inflows and Aviva Investors' tokenized fund launch on the XRP Ledger.

US spot XRP exchange-traded funds recorded $584,000 in net inflows on July 29, marking the end of a three-day streak of daily outflows. This development kept the products in positive territory for a third straight week, although the daily figure remained modest compared with XRP's roughly $1.26 billion in spot trading volume.

Aviva Investors' tokenized share class of its USD Liquidity Fund on the XRP Ledger offers regulated exposure to short-term US dollar debt instruments on public blockchain infrastructure. This institutional development briefly lifted XRP to the $1.10 level before sellers emerged.