XRP Price Hikes Amid Accelerated Accumulation and Regulatory Uncertainty

XRP's price has increased to $1.001, up marginally on the day, and is positioned above its key short-term moving averages while remaining beneath longer-term trend levels.

Large holders have accelerated their accumulation of XRP, and active addresses on the network are rising, indicating increased demand. However, institutional flows into XRP ETFs dropped by 93% for the week ending August 8 due to ongoing regulatory uncertainty and delayed Senate action on the CLARITY Act.

XRP trades in a short-term bullish setup with mixed momentum signals, but is expected to stay within the $0.9886 to $1.0101 range for the next day. The asset faces conflicting technical signals, with MACD showing strong selling and ADX also indicating a sell bias, while RSI and CCI reflect active buying.