XRP holds near $1.30 as institutional adoption grows, investors question price lag

XRP is trading close to $1.30, even as developments such as the increasing presence of Ripple USD (RLUSD) in regulated financial services, new exchange-traded fund (ETF) offerings providing institutional exposure to XRP, and technical upgrades to the XRP Ledger target broader institutional adoption. RLUSD, a stablecoin issued by Ripple, has steadily expanded its reach in regulated financial infrastructure. This growth has taken place alongside the addition of new ETFs, which offer institutions a direct way to gain exposure to XRP.

Source: CoinTurk News