Large-scale investors appear to be capitalizing on the recent price adjustment, with on-chain data revealing that wallets holding between 1 million and 10 million XRP increased their positions by roughly 380 million tokens. This accumulation trend aligns with a cumulative net inflow of approximately $1.57 billion into XRP spot ETFs by late August, providing a significant liquidity buffer for the asset.
In section Cryptocurrency
XRP Spot ETFs Attract $170M as Market Eyes Regulatory Shifts
Spot XRP exchange-traded funds secured $170 million in inflows over an 11-day streak, signaling persistent institutional appetite despite a broader market cooling. While XRP prices retreated from late August highs of $1.70 to settle near $1.36, the influx of capital underscores a robust foundation of support for the digital asset.
Market focus is now shifting toward the September 15 U.S. Senate vote on the CLARITY Act. Analysts anticipate that this legislative milestone will serve as a primary catalyst for short-term sentiment, potentially dictating whether XRP can overcome current resistance levels. Meanwhile, service providers such as UE Crypto are leveraging the heightened interest in digital assets to promote cloud mining contracts, citing the potential for sustained yields during periods of market volatility and strategic accumulation.
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