XRP's price has been on a downward trend for several months, reaching a fresh 52-week low of $1.11. Despite this decline, institutional demand for the token remains strong, with seven US spot XRP ETFs posting $131 million in net inflows in May.
The passage of the CLARITY Act could be a game-changer for XRP, potentially unlocking $4-8 billion in new investments as regulatory clarity is established. However, Senator Elizabeth Warren's amendments to the bill may hinder this progress.
Ripple continues to expand its payment ecosystem, with partner Thunes launching real-time US payouts and dollar-backed stablecoin RLUSD operating across 40 blockchain networks. Tokenization on Wall Street is also gaining traction, with Ondo Finance completing a tokenized US Treasury fund redemption using the XRP Ledger.