Recent news about XRP includes:
* Price Action: XRP has seen a significant price increase in recent days, reaching a high of $2.875 before experiencing a sell-off. It is currently trading around $2.23, down nearly 14% over the past seven days.
* Market Sentiment: Positive market sentiment has been benefiting XRP, despite broader market volatility. The Federal Reserve's rate cut and a more hawkish stance from Chair Jerome Powell have influenced investor sentiment, impacting risk assets like XRP.
* Ripple's USD-backed stablecoin RLUSD: The launch of Ripple's USD-backed stablecoin RLUSD has contributed to XRP's rise, as it outperformed both Bitcoin and Ethereum in the immediate term.
* Investment Product Inflows: XRP has seen investment product inflows of $8.8 million over the past week, bringing year-to-date inflows to $430 million, indicating growing institutional interest.
You can find more detailed information on XRP's price, news, and analysis on financial news websites such as FXStreet and Forbes.
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