XRP Drops 5% as Bitcoin, Ether, Solana Rally
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- XRP dropped about 5% to roughly $1.03 over the past week, even as bitcoin, ether, and solana climbed and the broader crypto market added 1.4%.
- XRP-focused ETFs logged net inflows for a fourth straight week, but new capital collapsed roughly 93% week-over-week to about $1 million while bitcoin and ether funds pulled in hundreds of millions (per SoSoValue).
- The U.S. Senate delayed consideration of the CLARITY Act — legislation many view as key to clarifying XRP's status — with a vote not expected before mid-September.
- Iliya Kalchev, analyst at Nexo, said XRP's positioning looks patient, with large order flow absorbing selling rather than capitulating or breaking out, calling it "quiet absorption."
- Jake Claver, chairman of Digital Ascension Group, argued XRP is increasingly positioned as a "global bridge asset" and could eventually be recognized by the Bank for International Settlements as a tier-one asset.
Why it matters: XRP's ETF inflows fell 93% week-over-week to ~$1 million while bitcoin and ether funds attracted hundreds of millions, showing institutional appetite cooling sharply. With the CLARITY Act vote pushed past mid-September, the regulatory clarity XRP needs to unlock broader participation remains stalled — leaving the token stuck in neutral while peers rally.
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