XRP Price Volatility Continues as Institutional Demand Remains Strong

XRP's price surge in August has cooled off slightly, but institutional demand remains strong. Despite trading at around $1.39 on August 29, down roughly 2% over 24 hours, spot XRP ETFs have attracted significant inflows.

According to Coinpaper's coverage, U.S. spot XRP ETFs drew in $77.47 million across six consecutive positive sessions through August 25. This trend suggests investors are still interested in XRP despite its recent decline.

The underlying network has also shown higher usage, with daily active addresses rising about 35% in August. However, new-address creation remained relatively flat.

Technically, the $1.41-$1.45 region remains a key hurdle for XRP's price movement. A sustained break above this area could reopen the path toward $1.55-$1.65, while failure to regain it would keep XRP vulnerable to further decline.

The macro picture has become more challenging, with Federal Reserve Chair Kevin Warsh's comments pushing Treasury yields and the dollar higher. This shift has put pressure on risk assets, including Bitcoin, which fell below $77,000.