XRP Drops to $1.08 as Trading Volume Spikes and ETF Flows Stay Weak
XRP Price Falls Amid Mixed Market Signals
XRP slipped to around <$1.08> early in the European session. The token showed a drop of about 2.6 percent from its opening level. This move made XRP the weakest performer among major coins like Bitcoin and ether.
High Trading Volume Fails to Lift Price
Daily turnover jumped sharply to nearly $1 billion. This figure almost doubled from the day before. Strong volume often points to active trading, yet the price still moved lower. The market cap now sits near $68 billion, keeping XRP in the top ten cryptocurrencies.
ETF Inflows Remain Modest
Spot XRP ETF products saw only $8.15 million in net inflows over the past week. That amount equals less than one percent of a single day’s trading volume. While inflows stay positive, they appear too small to drive prices higher on their own.
Wallet Data Shows Mixed Holder Behavior
Larger wallets holding between 100,000 and 100 million XRP added 2.8 percent more tokens over five weeks. At the same time, the smallest wallets reduced their balances by 5.2 percent. This shift suggests bigger players are accumulating while retail holders step back.
Fed Meeting Looms as Key Catalyst
The Federal Reserve will announce its rate decision on Wednesday. Markets expect rates to stay in the 3.5 to 3.75 percent range. Any change in tone could affect risk assets including XRP. Traders are watching closely for hints on future policy.
Support and Resistance Levels to Watch
Recent lows cluster around the <$1.085> to <$1.09> zone. A break below this area could open the door to the $1.00 level. On the upside, resistance sits between $1.12 and $1.16. A clear move past either zone may end the current range-bound action.
Other Ripple Developments
Ripple plans its regular monthly escrow release on August 1. The company also launched a new tool for institutional issuance of its stablecoin. These steps may boost activity on the network, yet they have not yet translated into stronger demand for XRP itself.
Overall, XRP trades about 70 percent below its all-time high. The recent pullback looks like a normal retracement after the July 21 peak near $1.16. Elevated volume without price gains points to selling pressure that ETF flows have not yet offset.
