XRP Price Up on SEC Vote Uncertainty and Derivatives Volatility

XRP is trading at $1.0216, up 1.15% in the last day.

This comes as institutional investment into XRP ETFs has slowed down significantly, with inflows dropping 93% to $1.01 million in the week ending August 8.

The asset's support above $1.00 for over 630 days remains intact, despite the decline in new capital.

Derivatives market activity has intensified, with XRP futures open interest surging by $171.74 million in one hour, adding liquidity and volatility to recent trading.