XRP Rises as XRP Ledger (blockchain network for XRP) Activity Jumps Despite ETF Outflows

The source says XRP gained while XRP Ledger (blockchain network for XRP) usage increased, even as XRP-linked ETF products recorded more than $50 million in outflows.

XRP

Summary

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Terms & Concepts
  • XRP Ledger: A blockchain network designed for XRP payments and related digital asset transfers.
  • ETF: An exchange-traded fund that lets investors gain market exposure through a tradable investment vehicle.
  • Outflows: Net investor withdrawals from a fund or product over a given period.