XRP Price Slides on Broader Macro Pressure Despite Shift in Underlying Position

XRP price fell 2.39% to $1.11 on July 13, underperforming a slightly negative market driven by broader macro pressure.

The token's underlying position has genuinely shifted over the past year, with the five-year SEC lawsuit resolved and XRP ETFs pulling in nearly $1.47 billion in cumulative inflows through late June.

However, several structural factors continue to work against XRP, including the fact that ETF funds hold only about 1% to 2% of XRP's circulating supply, limiting their price impact.

The CLARITY Act remains stuck, still short of the 60 Senate votes needed to pass and facing opposition from Republican senators.