Receipts Depositary Corporation (RDC) has announced the launch of XRP Depositary Receipts (XRP DRs), a financial tool that allows investors to profit from XRP without owning the cryptocurrency directly. Similar to ETFs and ADRs, XRP DRs aim to bridge traditional finance and DeFi, potentially attracting institutional investors. Anchorage Digital will serve as the custodian for the XRP DRs, indicating potential regulatory oversight and increasing trust from institutions. This move, along with Digital Wealth Partners' plans to launch XRP DRs, signals growing institutional interest in XRP, potentially increasing liquidity and demand. XRP is currently trading at $2.50 and may have the potential for upward movement if it surpasses its current support levels. However, sideways movement is expected until a confirmed breakout occurs.



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