Overview
- XRP has been trading around $1.06–$1.08 in early August and is holding the $1.00 psychological support while failing to break the $1.10–$1.15 resistance band.
- Spot XRP ETFs posted roughly $14.86 million in net inflows for the most recent week and $27.29 million for July, showing steady institutional buying that is much smaller than April–May peaks.
- On August 1 Ripple executed its monthly escrow sequence that unlocked 1 billion XRP and re‑locked 700 million, producing a net new supply of about 300 million XRP and reducing immediate inflationary pressure.
- Technical indicators show weak momentum with the 100‑day moving average near $1.10 capping upside and neutral RSI readings that point to range trading rather than a clear trend change.
- Large, high‑value on‑chain transfers and outsized whale withdrawals have lowered visible exchange liquidity, and the Senate’s sidelining of the CLARITY Act combined with historically weak August seasonality leaves the market without a near‑term regulatory catalyst.