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XRP Price Rises to $1.10 on ETF Inflows and Institutional Adoption

Guavy AI Editorial Team
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XRP
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XRP price rose briefly to $1.10 on July 29 after steady ETF inflows and Aviva Investors' tokenized fund launch on the XRP Ledger continued to support buying interest.

The latest inflow, which totaled $584,000 in net inflows on July 29, kept US spot XRP exchange-traded funds 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.

Institutional adoption has received a boost from Aviva Investors' launch of a tokenized share class of its USD Liquidity Fund on the XRP Ledger, which offers regulated exposure to short-term US dollar debt instruments on public blockchain infrastructure.

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