XRP's Institutional Momentum Builds on Multiple Fronts While Washington Stalls
Published on 07/31/2026 at 13:04 | Redaktion boerse-global.de
The contrast between what institutions are doing with XRP and what the price chart shows has rarely been starker. Cumulative net inflows into US spot XRP ETFs crossed the $1.5 billion mark on Thursday — a record since the products launched — yet the token itself sits at roughly $1.07, barely moving on the day. That disconnect between robust institutional demand and a stagnant price has become the defining feature of the XRP market.
ETF Flows Tell One Story, Price Action Another
Bitwise leads the XRP ETF pack with cumulative inflows of $500 million, followed by Canary Capital at $466.97 million and Franklin Templeton at $422.45 million. Grayscale has attracted $131.46 million, while 21Shares stands as the only major provider with negative net flows at minus $20.06 million. Franklin Templeton's XRPZ fund now manages $254.35 million, having recently absorbed 542,900 XRP, with daily trading volume of $10.35 million.
The inflows have now extended to nine consecutive weeks, according to multiple market observers. But the price has refused to cooperate. XRP trades roughly five percent above its 52-week low of $1.01, a level marked only recently in late June. Year-to-date, the token is down 42.88 percent, and compared to its 52-week high of $3.37 from last August, it sits roughly two-thirds lower. The relative strength index of 42.9 points to neutral, slightly oversold momentum, with analysts flagging support zones around $1.05 and the psychologically important $1.00 level if downward pressure persists.
A curious detail underscores the valuation gap: total assets under management in the ETFs stand at just under $989 million, well short of the $1.5 billion in cumulative net inflows. That discrepancy suggests meaningful valuation losses sitting inside the portfolios.
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Aviva's Tokenization Milestone on the XRP Ledger
While the price languishes, the XRP Ledger itself keeps landing institutional wins. The Central Bank of Ireland has approved one of the largest tokenization initiatives yet in European fund management. Aviva Investors, an asset manager with roughly $350 billion in assets under management, is launching a tokenized share class of its USD liquidity fund on the XRP Ledger — the first tokenization of an Aviva fund ever.
The underlying fund has existed since 2020, with investment objectives and risk profile unchanged. What's new is the wrapper: using a digital-twin model, an on-chain token mirrors the fund, which remains managed off-chain. BNY Mellon holds the assets, Komainu handles crypto custody, and Licuido provides the tokenization infrastructure. Aviva and Ripple have been partners since February. Ireland manages approximately 5.4 percent of global fund assets, so the regulatory green light could carry signaling weight for other asset managers.
The XRP Ledger itself now counts over four billion transactions and roughly eight million wallets, operated by more than 130 validators.
Washington's Summer Shutdown Looms Over Crypto
The biggest overhang for the entire crypto industry remains the stalled Digital Asset Market CLARITY Act. US Treasury Secretary Scott Bessent again urged the Senate on Thursday to vote immediately, accusing Senate Democrats of delaying the process. Seven Democratic senators — including Angela Alsobrooks, Ruben Gallego, Mark Warner, and Cory Booker — oppose the current draft, with ethics rules around President Trump's crypto interests the main sticking point. Senate Majority Leader John Thune considers passage before the summer recess unlikely; 60 votes are required.
The Senate postponed the bill again on Monday and heads into recess on August 7. More than 100 amendments have swollen the legislation from 278 to 616 pages, with Senator Elizabeth Warren alone filing over 40. Senator Cynthia Lummis has shown visible impatience with the pace of deliberations. There is some movement: Republican Thom Tillis and Democrat Ruben Gallego are reportedly close to a preliminary agreement on the ethics clauses.
JPMorgan warns that diminishing passage odds could weigh on crypto market prospects and delay institutional investment. The bank now puts the probability of passage this year at 31 percent, based on Polymarket data. SEC Chairman Paul Atkins pressed Congress to act in late July, hinting he might issue his own rules if lawmakers don't move.
Asian Expansion and New Trading Venues
Away from Washington's gridlock, Ripple continues pushing its stablecoin RLUSD across Asia. The dollar-pegged token is now listed on all four major South Korean crypto exchanges — Upbit, Bithumb, Coinone, and Korbit. Ripple SVP Jack McDonald confirmed the listings on Thursday; Upbit began trading on July 27, with Bithumb following two days later. RLUSD is fully backed by cash, US Treasuries, and money market funds, with BNY serving as primary custodian.
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Regulated access to XRP itself is also broadening. In Hong Kong, licensed exchange OSL Digital Securities launched retail trading of XRP on July 29, settled on the XRP Ledger. Meanwhile, trading platform Kalshi has filed with the CFTC for self-certification of perpetual futures on twelve altcoins, including XRP. The token already has roughly $3 billion in open interest in perpetual futures globally — US approval would give institutional investors their first regulated access to that market segment.
Whales Accumulate, Banks Split
Despite the political impasse, reports continue to surface of growing balances in large wallets and historically high withdrawals from Binance — signals some observers read as growing long-term conviction among institutional players. Standard Chartered has slashed its current-year price target by 65 percent but maintains its 2030 target of $28, a level that would imply a market capitalization exceeding $2.1 trillion. JPMorgan, for its part, puts the odds of CLARITY Act passage this year at 37 percent.
Whether the institutional build-out eventually translates into price appreciation likely depends on whether the Senate makes real progress on the CLARITY Act after returning from recess in the fall. For now, XRP's infrastructure story keeps advancing — even as its market story remains stuck in neutral.
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