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XRP Stuck Below $1.10 as Ripple's Push Fails to Spark Breakout

Guavy AI Editorial Team
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XRP ZIL
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XRP's price has been struggling to break above $1.10, despite recent investments by Ripple and significant ETF inflows.

The token traded at $1.0667 on August 3, down 1.76% from the previous day, and is currently sitting below all four EMAs inside a tightening descending wedge.

A Bollinger Band squeeze signals an imminent directional move, but technical weakness remains a concern for XRP's price action.

Ripple's investment in ZILO and Licuido on August 3 added regulated transfer agency and collateral mobility to the XRP Ledger, while cumulative XRP ETF inflows reached $1.5B, with monthly inflows slowing from $131.94M in May to $27.29M in July.

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