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XRP ETFs Pull Over $1.5 B, Boosting Price Outlook and Ripple Valuation
Institutional investors have poured more than $1.5 billion into XRP‑related exchange‑traded funds, according to market data cited on August 2. The sustained net inflows signal strong confidence in XRP’s long‑term prospects despite short‑term market volatility.
XRP’s price has been trading near $1.05‑$1.08, with analysts noting support around $1.05 and bullish targets up to $1.30 if ETF demand continues. Standard Chartered maintains a 2030 price target of $28 for XRP, while Ripple’s private‑market valuation has surged to roughly $50 billion – a 400 % rise since 2019.
Morgan Stanley’s Head of Trading Christopher Larkin indicated the firm will soon issue formal recommendations on crypto allocations, underscoring growing institutional endorsement. Bitwise customers alone invested $7.1 million in XRP ETFs in the latest period, and on‑chain data shows XRP recording the highest average transaction size among major cryptocurrencies.
Entities
Banx Network · Bitwise · Morgan Stanley · Ripple · SBI · Standard Chartered · XRP · XRPL v3.3.0
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Standard Chartered maintains a 2030 price target of $28 for XRP. coinpaper.com
- [○ 1 SOURCE] Bitwise customers invested $7.1 million in XRP ETFs in the latest trading period. www.tronweekly.com
- [○ 1 SOURCE] XRP recorded the highest average transaction size among major cryptocurrencies on‑chain. coinpaper.com
- [● 3 SOURCES] XRP price was trading around $1.05‑$1.08 in early August. www.tronweekly.com · www.finanznachrichten.de · www.tradingview.com
- [● 3 SOURCES] XRP-related ETFs have attracted over $1.5 billion in cumulative inflows as of August 2. timestabloid.com · www.tronweekly.com · captainaltcoin.com
- [● 3 SOURCES] Institutional inflows into XRP ETFs continued despite short‑term market volatility. timestabloid.com · www.tronweekly.com · captainaltcoin.com
- [○ 1 SOURCE] Morgan Stanley’s Head of Trading Christopher Larkin said the firm will issue formal recommendations on crypto allocations. en.coin-turk.com
- [○ 1 SOURCE] Ripple's private‑market valuation reached about $50 billion, a 400 % increase since 2019. coinpaper.com