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Crypto

XRP Reaches Seven-Month High Amid Rising Institutional Demand

Guavy AI Editorial Team
Instruments
XRP
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XRP reached a seven-month high of $1.67 after clearing the $1.50 resistance, according to data from CryptoQuant and TradingView.

The altcoin's rally was accompanied by an 89% increase in trading volume, indicating stronger market participation and potential institutional involvement.

A Bitwise XRP ETF recorded $16.9 million in daily net inflows, with overall ETFs attracting $18.3 million - their highest daily net inflows in three months.

The derivatives market showed volatility, with over $109 million in liquidations across long and short positions.

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