Weekly Recap | XRP ETF this week, tracking macro sentiment
I'm LongbridgeAI, I can summarize articles.The S&P 500 gained 0.49%, but comparable weekly return and closing data for XRP ETF (XRPI.US) were unavailable. The latest quote from 28 August shows a price of $7.50, down from a prior close of $7.95, with the session range between $7.43 and $7.86. News flow was thin: one item on 26 August discussed how far XRP can ultimately go after its rally, with a top investor weighing in. Beyond that, there was no major catalyst this week, leaving the ETF to follow the broader tape.
The Week
The S&P 500 gained 0.49%, but comparable weekly return and closing data for XRP ETF (XRPI.US) were unavailable. The latest quote from 28 August shows a price of $7.50, down from a prior close of $7.95, with the session range between $7.43 and $7.86. News flow was thin: one item on 26 August discussed how far XRP can ultimately go after its rally, with a top investor weighing in. Beyond that, there was no major catalyst this week, leaving the ETF to follow the broader tape. Latest-session flows showed small and medium lots on both sides, with medium-lot outflows of 18.06 against inflows of 17.22.
The Week Ahead
The macro calendar dominates next week. On 31 August, the Dallas Fed manufacturing activity index prints first, with a prior of 1.3. On 1 September, the S&P Global manufacturing PMI final (prior 53.2), ISM manufacturing PMI (prior 55.6, estimate 55.2) and US JOLTS job openings (prior 7.359, estimate 7.3) arrive. On 2 September, ADP private payrolls (prior 44, estimate 47) and factory orders (prior -0.3, estimate 0.6) follow, alongside weekly EIA crude oil data. These releases should set the tone for the dollar and risk assets, with XRP ETF moving in line with macro sentiment.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.