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Crypto

XRP ETFs Slow Down Amid Price Decline and Regulatory Uncertainty

Guavy AI Editorial Team
Instruments
XRP
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XRP ETFs have seen significant inflows totaling around $1.50 billion, but recent demand has slowed down significantly. The most recent net inflow was $592,470 on July 27.

The price of XRP has declined to around $1.06, approaching the critical support zone of $1.00-$1.02. Technical indicators show that sellers remain in control.

Ripple CEO Brad Garlinghouse views the CLARITY Act as the last major regulatory hurdle for XRP's institutional adoption. The Act aims to provide clearer consumer protection and anti-money laundering rules, reducing uncertainty around XRP.

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