According to data provided by WonderFi, the leading regulated cryptocurrency trading platform in Canada, the Ripple-affiliated XRP token has recorded a 37% increase in inflows.
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This comes after the announcement of a strategic reserve that would include the XRP token in the U.S.
WonderFi has noted that XRP might be on track to become a Bitcoin-like "staple for investors."
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The XRP price soared sharply higher following the announcement, reaching a multi-week peak of $2.9. However, the token is now down by more than 14% after paring most of its recent gains.
At press time, XRP is changing hands at $2.5 on the Bitstamp exchange.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team