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Goldman Returns, $1.57B ETF Inflows & the $1.70 Ceiling | Aug 24
Audio is available on Spreaker — see link below.
Goldman Sachs re-enters XRP ETFs with $86.5M as cumulative inflows cross $1.57B — but a stubborn sell wall at $1.70 is keeping a lid on price. Today's briefing breaks down what the institutional signal means, what the on-chain explosion reveals, and which two events will determine XRP's next move.
Audio is available on Spreaker — see link below.
Goldman Sachs just put eighty-six point five million dollars back into XRP ETFs. That's not a rumor.
The broader ETF picture backs that read. Cumulative XRP ETF inflows have crossed one point five seven billion dollars.
The regulatory backdrop is moving simultaneously, and that timing isn't coincidental. Ripple CEO Brad Garlinghouse met with CFTC officials on August twentieth alongside traditional finance and crypto leaders.
On-chain, the numbers are hard to ignore. Active addresses on the XRP Ledger went from forty-seven thousand one hundred eighty to three hundred fifty-six thousand and seventy in a single week.
The price picture is where the conflicting signals get sharpest. XRP recovered toward one dollar seventy, then pulled back to around one dollar fifty.
Two things narrow this down. First, the September fifteenth Senate cloture vote.
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