XRP Struggles to Defend $1 as ETF Inflows Slow

XRP's price has been declining over the past 24 hours, but it still holds near the key $1 psychological support level. The token traded at $1.06 on July 28.

The US spot XRP ETFs continue to attract net inflows, with a $592,470 net inflow recorded on July 27. Cumulative inflows now stand at approximately $1.50 billion, but the daily purchase represented less than 0.1% of the funds' total net assets.

The decline in XRP's price has also reduced the value of ETF holdings. Total net assets fell from $1.06 billion on July 21 to $997.25 million on July 24 despite no net outflows during that period.

Technical indicators show sellers remain in control, with all four moving averages stacked in bearish order. The Relative Strength Index (RSI) dropped to 41.06, showing bearish momentum remains intact.