XRP falls 5% despite ETF inflows as regulatory delays stall crypto gains
XRP's price dropped about 5% last week to around $1.03, underperforming as bitcoin, ether, and solana rose and the overall crypto market grew 1.4%. Although XRP-focused ETFs saw net inflows for a fourth consecutive week, new investments slowed sharply by 93% to roughly $1 million, while bitcoin and ether ETFs attracted hundreds of millions. The main reason for XRP's weak performance is regulatory uncertainty, with the Senate delaying the CLARITY Act vote that could clarify XRP's status and boost institutional interest. Despite this, some analysts remain optimistic about XRP's long-term role as a global bridge asset and potential recognition by the Bank for International Settlements as a top-tier asset.
XRP's price dropped about 5% last week to around $1.03, underperforming as bitcoin, ether, and solana rose and the overall crypto market grew 1.4%. Although XRP-focused ETFs saw net inflows for a fourth consecutive week, new investments slowed sharply by 93% to roughly $1 million, while bitcoin and ether ETFs attracted hundreds of millions. The main reason for XRP's weak performance is regulatory uncertainty, with the Senate delaying the CLARITY Act vote that could clarify XRP's status and boost institutional interest. Despite this, some analysts remain optimistic about XRP's long-term role as a global bridge asset and potential recognition by the Bank for International Settlements as a top-tier asset.
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