XRP Price Slides as Institutional Demand Remains Strong

XRP's price is currently under pressure at $1.36, testing a support zone that could determine its near-term trajectory.

Despite this weakness, spot exchange-traded funds tracking XRP have seen their strongest weekly inflows on record, with American spot XRP ETFs pulling in $110.49 million in net inflows during the week through August 28.

The cumulative picture is one of steady accumulation: these vehicles have been building their war chests even as the spot market stumbles.

Ripple's prime brokerage arm is expanding into Wall Street territory, and a stablecoin tied to the XRP Ledger has blown past the $2 billion mark in total supply.