XRP
XRP Rebounds to $1.37 Amid BIS Testing Report and Ongoing ETF Inflows
A recovery in the token's price coincides with a central banking experiment and persistent institutional ETF allocations.
XRP gained 1.5% over a 24-hour period to reach approximately $1.37, recovering from a recent low near $1.31. The price rebound was supported by institutional inflows alongside a newly published research paper from the Bank for International Settlements detailing a proof-of-concept test on the XRP Ledger Devnet.
The central banking institution tested the ledger for cryptographically verifying official statistical datasets by storing data summaries on-chain while keeping the underlying figures off-chain. The experiment demonstrated publishing times of three to five seconds and verification speeds under two seconds, though the report noted that the ledger has not been integrated into production systems.
Market activity was further buoyed by an 11-session streak of spot ETF net inflows, totaling roughly $170 million, as well as reduced supply pressure from monthly escrow activity. Although Ripple unlocked one billion XRP on September 1, it returned 700 million tokens into new escrow arrangements.
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