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XRP up 7 percent as some spot ETFs jump 17 percent in rare price dislocation

Some U.S.-listed XRP spot exchange-traded funds rose nearly twice as much as the XRP token, showing an unusual price dislocation. While XRP gained about 7 percent intraday, some regulated fund shares jumped 16 to 17 percent. Analysts pointed to low liquidity and order-flow distortions that pushed ETF prices into a premium over net asset value. Despite the rally, the market recorded a net outflow of $7.2 million the prior day, all from Bitwise.