XRP Price Stagnant Amid Weakest ETF Inflows Since April

XRP's price has been stuck in a tight range for nearly two months as the cryptocurrency winter continues. The token is currently trading at $1.1022, still within its established range of $1.0077 to $1.2898.

One reason for XRP's stagnant price is the decline in demand from Wall Street investors, who have shifted their focus to traditional stocks instead. According to SoSoValue data, spot XRP ETFs added no assets in the last three market days, with a total of $12.3 million in inflows this month - its weakest performance since April.

While Ripple Labs is working on improving XRP Ledger's utility, such as through the integration of Mastercard's Verifiable Intent (VI) standard, it may take time to reflect positively on XRP's price.