Quick overview

Live XRP/USD Chart

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The Federal Reserve’s persistent hawkish tone—warning of fewer rate cuts and prolonged high interest rates—has drained global liquidity. High-beta digital assets like XRP are taking the brunt of this “risk-off” environment.

 Even though ETFs exist, the most conservative Wall Street capital is sitting on the sidelines. Big banks and hedge funds are waiting for the CLARITY Act to pass the US Senate, which would officially codify XRP’s status as a commodity into federal statutory law.

XRP is trading between $1.12 and $1.20, hovering right around its critical 200-day moving average. The token is down roughly 40% since the start of the year. It is currently caught in a tight compression range, with bears trying to flush it down toward the $1.00 mark and bulls defending the $1.12 support shelf.

 The multi-year battle with the SEC concluded with a final $50 million settlement. Crucially, the court established that retail sales of XRP are not securities transactions. Both sides dropped their appeals, giving Ripple total regulatory clarity.

 Because of that legal clarity, spot XRP ETFs are now actively trading in the US. Over the last six weeks, these ETFs have absorbed roughly $1.44 billion in cumulative inflows, creating a permanent institutional buyer for the asset.

 Some traders remain wary of Ripple’s transparent but massive monthly escrow releases of up to 1 billion XRP. Additionally, Ripple’s newly launched cross-border remittance integrations with partners like Bitso and Flutterwave are heavily leveraging their new RLUSD stablecoin and localized stablecoins (like the Mexican Peso-backed MXNB) on the XRP Ledger, leading some to question how much native XRP utility will be bypassed