XRP price rises on ETF inflows: is a breakout above $1.13 now likely?

Back to the list XRP price rises on ETF inflows: is a breakout above $1.13 now likely?   invezz.com 25 m | Bitget crypto news!

• XRP price is showing signs of recovery driven by steady ETF inflows and the launch of Aviva Investors' tokenized fund on the XRP Ledger.
• Despite positive developments like institutional adoption and a tokenized fund offering exposure to short-term US dollar debt, regulatory uncertainty in the US remains a concern.
• Technical analysis suggests XRP is consolidating within a range, with a decisive break above $1.13 needed to signal a sustained rally, while short liquidations are concentrated around $1.09-$1.10.

Topics: Asset types, Institutional adoption, Blockchain usage, Financial instruments, Asset manager initiatives, Ethereum evm l 1 s

Tags: #xrp #etfinflows #tokenizedfund #xrpledger #avivainvestors #usliquidityfund #secures #bnymellon #clarityact #regulatoryuncertainty

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Aviva Chooses XRP Ledger for Its Tokenized Liquidity Fund and Pushes RWA Adoption Forward - Crypto Economy

Aviva Investors has taken a notable step into blockchain finance by launching a tokenized share class of its US Dollar Liquidity Fund.

• Aviva Investors has launched a tokenized share class of its US Dollar Liquidity Fund on the XRP Ledger, marking its first on-chain fund.
• The tokenized fund utilizes a 'digital twin' model, approved by the Central Bank of Ireland, with support from BNY Mellon and Komainu for asset safeguarding and custody.
• This move signifies growing institutional adoption of RWAs on blockchain, leveraging XRP Ledger's capabilities for programmable assets and future integrations.

Topics: Asset types, Institutional adoption, Blockchain usage, Financial instruments, Banking depository pilots, Ethereum evm l 1 s

Tags: #avivainvestors #xrpledger #tokenizedliquidityfund #digitaltwin #centralbankofireland #bnymellon #komainu #licuido #ripple #programmableassets

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