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XRP Slips 8% Amid Broader Market Downturn, Institutional Appeal Remains Strong

Guavy AI Editorial Team
Instruments
XRP
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Ripple's cross-border token remains highly appealing to institutional investors, while whales have accumulated a significant amount of tokens lately.

Despite this positive trend, XRP has slipped 8% after a red wave swept through the broader market.

This decline is in contrast to Ripple's growing appeal to institutions and whales. One of the company's top executives recently shared the stage at the MESA Forum with representatives from financial giants like BlackRock and HSBC to discuss stablecoins, tokenized deposits, and other topics.

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