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Ripple's XRP jumps as much as 9% as Grayscale introduces XRP trust that could pave way for an ETF

CNBC
Summary
Nutrition label

75% Informative

XRP was last higher by more than 3% at 56 cents a coin, according to Coin Metrics .

XRP is the native token of Ripple's XRP Ledger , whose main purpose is to facilitate cross-border financial transactions.

Unlike an exchange-traded fund, the trust will primarily trade over the counter.

VR Score

85

Informative language

91

Neutral language

30

Article tone

formal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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no external sources

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no sources

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