XRP Price Falls Despite Positive ETF Flows, Institutional Demand Still Weak

XRP has fallen 2.5% over the past 24 hours to trade at around $1.03, underperforming the broader crypto market.

The token has also been the weakest-performing major cryptocurrency this week, losing nearly 5.5%.

One of the primary reasons for XRP's decline is that institutional demand has not fully recovered, according to SoSoValue.

U.S. spot XRP ETFs recorded $3.45 million in net inflows on August 6, but this remains too small to offset recent selling pressure.