XRP climbs to $1.13 as Brazil expansion and ETF inflows support recovery

XRP rose 1.3% over the past week to $1.13, supported by Ripple's Brazil expansion and a $6.78 million ETF inflow on July 16.

"Despite a challenging overall crypto market, we've seen consistent inflows into XRP ETFs, including hundreds of millions from institutional and professional investors," Matt Hougan, chief investment officer at Bitwise, said.

Ripple's Brazil-based platform UDAX recorded 44,000 on-chain transactions, signaling growing adoption in Latin America. The seven US-listed spot XRP ETFs now hold about 971 million XRP, with cumulative net inflows reaching almost $1.5 billion, according to SoSoValue. Bitwise's XRP ETF leads with nearly $500 million in assets under management, followed by Canary Capital's XRPC at below $470 million.

The token remains trapped in a nine-week trading range between $1.00 and $1.15, with the $1.10-$1.12 supply zone capping every recovery attempt. A daily close above $1.12 would provide the first technical confirmation of a reversal, while a break below $1.07 exposes the $1.04 support and the Murrey Math reversal level at $0.9766.

ETF Flows Mask a Demand Slowdown

Although the week ended with $6.78 million in net inflows, all of that capital arrived on a single day — July 16. The remaining four trading sessions recorded zero reportable flows, according to SoSoValue. Seven of the last 10 business days have shown net flows of $0.00, a pattern suggesting institutional interest has cooled after the initial wave. XRP remains down 3% over the past month, with a market capitalization of about $68.3 billion, CoinGecko data shows.

Broader macro conditions add pressure. Brent crude briefly touched $91.42 after attacks disrupted shipping through the Strait of Hormuz, before retreating to $87.94 on diplomatic signals, according to UBS analyst Giovanni Staunovo. Higher fuel costs have complicated the Federal Reserve outlook, with futures markets now pricing at least one rate increase before year-end. The 10-year Treasury yield reached 4.55%, while the 30-year yield pushed above 5%.

Ripple secured a Markets in Crypto-Assets license on July 20, granting regulated access to all 30 countries of the European Economic Area. The CLARITY Act, which would divide US digital asset oversight between the SEC and CFTC, faces a Senate deadline of Aug. 7. Polymarket odds of a Senate vote before the summer recess have fallen to 42%, down from 73% a week earlier.

Standard Chartered cut its year-end XRP target to $2.80 from $8, while leaving its 2030 forecast at $28. The bank sees a path to $3 if the CLARITY Act passes and ETF demand accelerates; failure would likely send the token back into its earlier range of $0.80 to $1.00.

This article is for informational purposes only and does not constitute investment advice.