XRP Price Stagnant as Wall Street Investors Lose Interest

The price of XRP has been stuck in a tight range for nearly two months, unable to break above $1.2898 or fall below $1.0077.

Investors have lost interest in the token, with spot XRP ETFs adding no assets in the last three market days according to SoSoValue data.

The funds had attracted $12.3 million in inflows this month, their weakest performance since April, and currently hold $997 million in assets.

This is a significant drop from June when they added $59 million and May's $131 million.

One reason for the decline in interest in XRP is that investors have shifted to the stock market, with some of the most active funds this year tracking the S&P 500 Index and the Roundhill Memory ETF.