XRP ETFs See Inflows While Price Tests Critical Support

XRP exchange traded funds have secured their fourth consecutive week of positive inflows. This momentum helps the asset stand out during periods where other major funds saw significant withdrawals. Despite this positive streak, the actual volume of new capital entering these products has slowed down significantly compared to earlier months this year.

The beginning of August shows a cautious trend with only modest net inflows of about $1 million. While Bitcoin and Ethereum funds have attracted over $1 billion combined, XRP funds are seeing days with zero activity or net selling. This suggests that while investor interest remains, it is currently much lower than the activity seen in larger crypto assets.

On the price front, XRP faces downward pressure after a delay in US Senate voting on the CLARITY Act. The token recently dropped to $1.02, testing the vital support level at $1.00. Investors are now watching closely to see if the price can hold this ground and reclaim the $1.05 mark. Market analysts remain divided, with some eyeing a potential reversal while others remain skeptical about the short term.