XRP-Linked ETFs Gain, But Price Near Critical Support Level

XRP-linked spot exchange-traded funds (ETFs) have recorded a fourth consecutive week of gains, with July net inflows totaling $27.29 million.

However, these inflows slowed sharply in early August to about $1 million, contrasting with strong Bitcoin and Ethereum ETF inflows.

XRP's price dropped close to a critical $1 support level, pressured by a postponed U.S. Senate vote on the CLARITY Act.

Analysts are watching if the $1 support holds, as a rebound above $1.05 could signal a recovery, though sustained inflows are needed for a strong price rally.