XRP Stabilizes Near $1.08 Amid ETF Inflows and Regulatory Overhang
XRP is consolidating near the $1.08 level as steady institutional demand and continued spot ETF inflows offset broader technical pressure, leaving the token caught between durable structural support and persistent regulatory uncertainty.
As of July 30, XRP was trading at $1.0888, up 1.99% on the day but down 1.84% over the past week, according to CoinMarketCap. XRP's market capitalization stood at roughly $68 billion, while 24-hour trading volume was about $1.28 billion.
Technically, XRP is holding above the psychologically important $1.00 handle, with analysts typically viewing initial support around $1.06 and overhead resistance clustered between $1.09 and $1.11, a zone where the 50-day and 100-day moving averages converge.
The spot ETF complex has reached a notable milestone, with cumulative net inflows into XRP spot ETFs surpassing $1.5 billion by late July. This underscores sustained institutional demand even as spot price momentum remains muted.