finance
XRP Briefly Tests $1.50 as U.S. Spot ETFs Record $25.8 Million Inflow
XRP reached $1.50 during trading on Monday before pulling back. U.S. spot XRP ETFs recorded $25.8 million in net inflows that day. The inflow marked the largest single-day total since January 5.
May 12, 7:55 AM·1m read1 source
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XRP briefly traded at $1.50 on Monday before retreating from that level. The move coincided with $25.8 million in net inflows into U.S. spot XRP exchange-traded funds for the day. The inflow figure represents the largest single-day amount for those products since January 5. Market data showed the price test occurred during regular trading hours as buying interest increased.
U.S. spot XRP ETFs have seen renewed investor interest in recent sessions. The products allow direct exposure to the cryptocurrency through regulated investment vehicles listed on American exchanges. Monday's inflows came as trading volume in XRP rose alongside the price movement.
The cryptocurrency had traded below $1.50 for an extended period prior to the test. The development reflects continued participation by institutional and retail investors in cryptocurrency markets through ETF structures. Further data on subsequent days will indicate whether the inflow trend persists.
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