XRP Price Stuck Despite $8M Fund Inflows

The XRP price has not budged from $1.11 despite significant inflows into U.S.-listed spot funds, which saw a combined total of $8.15 million flow in between July 20 and July 24.

This influx arrived across just two trading days, with Bitwise contributing $2.49 million on July 20 and Franklin Templeton's XRPZ fund following with $5.66 million the next session.

The inflows are notable, but they amount to only about 1.46% of XRP's market capitalization, a figure that suggests these flows may not be enough to move the price.

Moreover, analysts see this as a last gasp of institutional demand, with July's inflows marking the weakest month since April and representing a significant drop from previous months.