XRP Clings to $1 as ETF Inflows Limit Recovery

XRP has been hovering around the $1 mark on August 18, struggling to move decisively away from its key psychological support. The token has gained approximately 0.58% over the past 24 hours, but remains under pressure due to weak ETF inflows and cautious broader-market sentiment.

Despite stronger network activity, with nearly 50,000 active addresses over 24 hours, XRP's price has stayed close to $1. Investors are closely watching whether buyers can continue defending this level, which could determine whether the token stages a broader recovery or faces renewed selling pressure.

The combination of weak ETF inflows and cautious market sentiment is a challenge for XRP, but stronger on-chain activity and Ripple's stablecoin expansion could provide support if market sentiment improves. The $1 support level remains the most important psychological area for XRP in the short term, and a sustained move above $1.05 could improve the token's technical outlook.