XRP Trapped in Holding Pattern Amid Institutional Buying and Network Weakness

XRP is stuck in a holding pattern as it trades at $1.09, just eight percent above its 52-week low of $1.01 hit in late June. Despite being more than 70 percent below its peak from July 2025, institutional investors continue to pour money into regulated XRP products. Seven spot ETFs operating in the US collectively hold 964.5 million tokens, representing around $1 billion in assets under management.

Cumulative net inflows into these vehicles have reached $1.47 billion, with the week ending June 26 adding $22.99 million, the eighth consecutive week of positive flows. However, whales are aggressively pulling supply off exchanges, with outflows nearly tripling from 40.7 million XRP on June 22 to around 123 million XRP in recent days.

The network itself is showing signs of exhaustion, with daily active addresses on the XRP Ledger falling to 25,350, its second-lowest reading this year. New wallet creation dropped sharply as well, sinking to 2,130, a level not seen since November 2024.

The CLARITY Act, which would determine how tokens like XRP are classified in the US and thereby clear a path for spot ETFs and deeper institutional access, has missed its target date of July 4 for Senate passage. The chamber returns from summer recess on July 13 but will first take up a defense bill, pushing the crypto legislation's vote to late July or August.