US spot XRP ETFs see $1.71B net inflows: XRP resistance levels in focus
#CryptoNewss $XRP $WLD $LA #Market_Update XRP (XRP) is trading at $1.2971 after a marginal uptick on the day. The asset sits above its short-term moving average but remains below the medium-term average, while retaining support from its longer-term trend line.
US Senate blocked the CLARITY Act, while XRP retains digital commodity status under current SEC-CFTC interpretations and a 2023 federal court ruling.
US-listed spot XRP ETFs now hold $1.71 billion in net inflows and 1.129 billion tokens in custody, indicating rising institutional demand and liquidity.
XRP/USD trades in a mixed momentum environment, with high probability of decline and expected range of $1.2414 to $1.3528 for the next 2 to 3 days.
Institutional inflows advance as SEC-CFTC clarity offsets security breach risk
Regulatory developments remain in focus as the US Senate recently blocked the CLARITY Act, with Ripple emphasizing that XRP maintains its treatment as a digital commodity based on ongoing SEC-CFTC interpretations and the 2023 federal court ruling, according to News Bitcoin. This status continues to support institutional participation, as US-listed spot XRP ETFs have amassed $1.71 billion in net inflows and now hold 1.129 billion tokens in custody, representing measurable demand and liquidity growth, as reported by 36crypto. Taken together with operational risks tied to a reported security breach involving the DCENT Web3 wallet, these developments present a nuanced backdrop of supportive regulation and ongoing institutional interest, punctuated by isolated technology risks.
Divergent momentum as price hugs support within low-volatility range
On the hourly chart, XRP/USD is positioned above the MA-20 at $1.2882 and the MA-200 at $1.2728, yet remains capped below the MA-50 at $1.3211. The daily Ichimoku Kijun level at $1.2826 serves as near-term support. MACD continues to issue a Strong Sell signal, while ADX levels remain Neutral, reflecting a lack of trend..