XRP Demand Jumps with 73M Tokens Stacked, What’s Next for XRP Price?

Key Insights:

• XRP price faced pressure despite $73.2 million in net inflows into US spot XRP ETFs during the week of August 24.
• Ripple coin utility remains important as XRP Ledger lending adds to the network’s potential use cases.
• XRP also faced pressure after another high-leverage long position was liquidated.

The XRP price remained under pressure despite fresh demand, as US spot XRP ETFs recorded about $73.2 million in net inflows during the week of August 24. This inflow shows a stronger buying interest in the Ripple Coin.

XRP Demand Rises as ETF Inflows Reach $73.2 Million

Demand for XRP has picked up even as the XRP price has struggled to hold higher levels. US spot XRP ETFs recorded roughly $73.2 million in net inflows during the week of August 24, according to data shared by Ali Charts.

The figure points to a clear increase in demand for the asset via regulated investment products. In simple terms, about $73.2 million worth of XRP exposure was added through US spot ETFs during the week.

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