XRP Fights for Recovery Amid US-Iran Tensions and Outflows

XRP's price has been under pressure this week due to renewed US-Iran military tensions and institutional outflows. The token slipped to a 10-day low on Monday, July 13, but later recovered to test resistance near $1.11 to $1.12 on shorter-term charts.

According to data from SoSoValue, XRP spot ETFs accumulated $1.4 to $1.5 billion in net inflows over the trailing month, despite a single-week outflow of $7.29 million on July 8.

Cryptoinsightuk expects XRP to attempt to reclaim the $1.12 level but sees a more likely short-term outcome as a liquidity sweep lower before any sustained move higher.