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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.