XRP Ledger Sees Record Inflows Amid Price Surge
Crypto card purchases and XRP ETFs reach new highs in August.
The XRP Ledger has seen significant activity in recent weeks, with crypto card purchases reaching a new monthly record of $1 billion in August, according to Yahoo Finance. This surge in adoption coincides with a 70% price increase for XRP, which has led to record-breaking inflows into XRP ETFs, totaling $1.55 billion, as reported by BeInCrypto. The increased interest in XRP is also reflected in the growing on-ledger volume, with 6,163,856 XRP traded over the past 24 hours, according to XRPSync data. This uptrend could have implications for the price of XRP/RLUSD, which currently stands at 1.4836 RLUSD, down 0.73% in the last day.
Sources
YA Yahoo Financefinance.yahoo.com BE BeInCrypto
beincrypto.com UT U.Today
u.today UT U.Today
u.today
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