XRP Faces $1.00 Test as Whales Buy the Dip

XRP is currently fighting to stay above the $1.00 support level. This price struggle follows a sharp 93 percent drop in ETF inflows over the last week, showing that institutional excitement has slowed down for the moment. Traders are watching this psychological barrier closely to see if the token can maintain its footing.

Even with the drop in fund interest, large investors are still very active. Data shows that whales are adding more than 10 million XRP to their wallets every day. This suggests that the biggest players in the market are using the price dip to build their positions, which often happens before a potential trend reversal.

On the fundamental side, the new Ripple stablecoin, RLUSD, has quickly climbed to a $1.6 billion market cap. This expansion helps solidify the ecosystem and provides more utility for the network. All eyes are also on the upcoming vote for the CLARITY Act, which could provide the legal framework needed for the next phase of growth.