XRP ETFs gain for fourth week but price nears key $1 support amid cautious market signals
XRP-linked spot ETFs have recorded a fourth consecutive week of gains, with July net inflows totaling $27.29 million. However, inflows slowed sharply in early August to about $1 million, contrasting with strong Bitcoin and Ethereum ETF inflows. Meanwhile, XRP's price dropped close to a critical $1 support level, pressured by a postponed U.S. Senate vote on the CLARITY Act. Analysts are watching if the $1 support holds, as a rebound above $1.05 could signal a recovery, though sustained inflows are needed for a strong price rally.
XRP-linked spot ETFs have recorded a fourth consecutive week of gains, with July net inflows totaling $27.29 million. However, inflows slowed sharply in early August to about $1 million, contrasting with strong Bitcoin and Ethereum ETF inflows. Meanwhile, XRP's price dropped close to a critical $1 support level, pressured by a postponed U.S. Senate vote on the CLARITY Act. Analysts are watching if the $1 support holds, as a rebound above $1.05 could signal a recovery, though sustained inflows are needed for a strong price rally.
What's Your Reaction?
