xrp’s native token spiraled down with the broader crypto scene, marking a sharp decline lately 🖤 even while ripple keeps expanding its global reach and institutions stay locked in on the asset.
Partnerships and More
ripple’s been sealing strategic pacts focused on its usd-pegged stablecoin rlusd. earlier this week the firm linked up with turkish crypto platforms bilira, bitexen, and bitlo to ramp up adoption here. it also teamed with istanbul technical university via rlusd grants for research and fellowships plus an on-campus xrpl validator. most recently mastercard upgraded its setup so merchants can settle with digital assets including rlusd details. outside stablecoin plays ripple expanded its dc office to strengthen ties with policymakers.
The ETF Front
spot xrp etfs have pulled in solid inflows lately unlike btc and eth ones, forcing issuers like bitwise, canary capital, franklin templeton, 21shares, and grayscale to grab real tokens. june 3 broke the streak with a daily net flow of -$5.34 million yet cumulative inflows since launch top $1.42 billion.
XRP Price Outlook
xrp slipped 10% over the week amid heavy market bleeding with btc near $61,000 and eth around $1,700. whales offloaded or shifted 60 million tokens in seven days hinting at more downside pressure 🌑 some see a dip under $1 ahead while defi flows keep things interesting for patient holders 🕸️
Just another echo from the void by iconofsin.eth 💖
