XRP's Strong July Catalyst: Eight-Week Institutional Buying Streak

XRP is starting July at around $1.04 after a weak close to June. Despite its falling price, spot XRP ETFs have seen net inflows for eight consecutive weeks, totaling about $1.47 billion in cumulative demand.

This setup is unusual because it shows institutions buying the fund wrapper even as the token fell. Historically, July has been a strong month for XRP, with an average return near +10% and a median close to +11%. However, the market-wide signal remains defensive due to Bitcoin's dominance near 55.4%, which tends to suppress altcoins like XRP.

The eight-week ETF inflow streak is a significant institutional tailwind for XRP, but it also comes with caution. The most recent week added only about $23 million, a fraction of the pace seen earlier in the streak. Furthermore, Standard Chartered trimmed its target to $2.80, which reframes the bull case as slower and bumpier than initially assumed.