XRP Slips to $1.32 Despite Fresh ETF Demand

XRP's price slipped to $1.32 as it continued its correction from the August peak, despite ETFs attracting fresh demand worth $14.38 million on September 1.

The token has been trading within a descending channel since its failed breakout near $1.70 in August, and selling volume has remained below the levels recorded during the advance.

Ripple returned 700 million XRP to escrow, but most of the unlocked tokens remain locked up, with no evidence suggesting they entered public-market circulation.