Important Ripple News and XRP Price Update: August 4th

Ripple announced several ecosystem developments this week, including investments in two companies building infrastructure for digital investment funds and institutional asset trading. The company invested in ZILO, which provides transfer agency and fund administration technology for tokenized share classes, and Licuido, a UK-regulated platform for issuing, distributing, trading, and using traditional assets as digital collateral. Ripple plans to integrate these services with the XRP Ledger, allowing institutions to issue tokenized assets, transfer them between investors, hold them in custody, and use them as collateral. RLUSD could provide settlement for these transactions.

Additionally, Mastercard completed its acquisition of BVNK, a stablecoin infrastructure company that supports XRP deposits and outgoing payments. BVNK has partnered with Ripple since 2024 and both firms participate in Mastercard’s Crypto Partner Program. Mastercard stated the deal would help connect traditional and digital forms of money.

In decentralized finance, Flare’s wrapped XRP (FXRP) received approval as collateral in an RLUSD lending pool managed by Sentora. The vault, worth $280 million, operates on Morpho Blue and allows users to deposit FXRP and borrow RLUSD while maintaining XRP exposure. Approximately 155 million FXRP had been minted at the time of the announcement.

XRP exchange-traded funds continued to attract capital in July but demand slowed significantly. Net inflows totaled around $27 million, down from $60 million in June and $132 million in May. Despite the decline, positive inflows indicate ongoing investor interest.

Regarding price action, XRP traded near $1.07, defending the $1.05-$1.06 range. It remained below its 20-day exponential moving average at $1.08 and the 50-day average near $1.12. Analyst ChartNerd described the chart structure as a falling wedge near a six-year support area, suggesting a possible repricing over the coming months. A temporary break below $1 remains possible, while a move above $1.08 and $1.12 would improve the short-term outlook.

Source: https://cryptopotato.com/important-ripple-news-and-xrp-price-update-august-4th/