XRP Stuck at $1.02 Amid Cooling Investor Appetite

XRP's price has been hovering around $1.02 on crypto exchanges, but its prospects look dim as spot ETF inflows dwindle to $1 million for the week ending August 9.

This marks a 93% decline from the previous week, even though the token has defended its critical $1.00 support level.

Despite the broader crypto ETF rally, institutional appetite for XRP-specific products has cooled significantly in the short term.

The market is awaiting clearer regulatory signals before committing significant capital, and traders are pinning their hopes on the mid-September CLARITY Act vote to provide a catalyst for XRP's rerating.