XRP Price Faces Renewed Pressure Amid Strong ETF Inflows
XRP's price has been facing pressure despite significant ETF inflows into regulated XRP investment products. According to recent data, U.S. spot XRP ETFs recorded $18.47 million in net inflows on August 27, with Bitwise's fund accounting for $12.16 million of that daily total and Franklin's fund contributing another $6.31 million.
However, this strong demand has not prevented recent market weakness, as the latest chart shows selling pressure following an early recovery attempt. The price reversal occurred after slipping from $1.42 toward the $1.36 support zone, with sellers repeatedly returning around higher levels and accelerating after losing the $1.40 region.
The current price of XRP stands at $1.38, down approximately 2.9% over the previous 24 hours. The market capitalization remains near $86.79 billion, with trading volume reaching approximately $3.17 billion over the same period. The volume-to-market-cap ratio stood near 3.66% on the chart.