Evernorth and Doppler Test XRP Institutional Use Despite Recent Price Dip

XRP turned bullish on January 9, trading near $2.14, up by around 14% over the past week. The initial drop to $2.07 occurred when WisdomTree withdrew its spot XRP ETF filing with the SEC, but the decline was short-lived.

Evernorth and Doppler Collaboration

  • Evernorth and Doppler Finance announced a strategic collaboration focused on institutional liquidity and treasury activity on the XRP Ledger.
  • The partnership is in early testing phases, exploring structured liquidity models and treasury management flows.
  • No new products are being launched yet; current efforts focus on testing systems for large-scale institutional use of XRP.

Ripple and Amazon Web Services

  • Reports suggest Ripple is discussing the use of Amazon Bedrock to support XRP Ledger operations with Amazon Web Services.
  • This could help manage system load and data flow as XRP usage scales.

ETF Flows

  • XRP-related funds continue showing steady demand despite the brief price dip.
  • Total net inflows stand at $1.21 billion, with a significant net inflow of $8.72 million recorded on January 8.
  • Bitwise's product led the inflows with $4.5 million, followed by Grayscale’s GXRP with $2.89 million.