XRP ETFs Continue Streak but Warning Signs Emerge Amid CLARITY Act Delay
The spot exchange-traded funds (ETFs) tracking XRP have recorded their fourth consecutive week in the green, despite some warning signs. This month, they saw net inflows of $27.29 million, but it was the second-weakest month since January this year. In contrast to the spot BTC and ETH ETFs, which attracted over $1 billion combined, XRP's actual inflows were a modest $1 million in August.
The asset's price dipped towards a key support of $1.00, but analysts remain bullish on its future performance. Some expect a 'strongest price reversal' if it manages to hold that support and reclaim the $1.05 level soon, while others outlined massive targets for the next bull run up to $50.
The delayed CLARITY Act voting in the US Senate also weighed heavily on XRP's price action, causing it to fall to $1.02.