XRP price remained close to the $1 level as traders waited for two major events that could influence the broader cryptocurrency market. A White House crypto meeting and the release of the Federal Reserve’s FOMC Minutes were both expected to create potential volatility.
Bitcoin recovered above $64,000, while Ethereum traded near $1,919. For XRP traders, however, attention remained focused on developments in Washington and their potential impact on U.S. crypto regulation.
What Is Happening With XRP Price Today?
XRP continued trading just above $1 but remained below several key moving averages, limiting its upside momentum.
Derivatives activity showed mixed signals. Futures volume declined 19.62% over 24 hours to approximately $1.26 billion, while open interest slipped 0.49% to $2.73 billion.
Options activity was much stronger. Options volume surged 321.76% to $1.30 million, while options open interest jumped 1,554.57% to $61.28 million. The sharp increase suggests traders are preparing for potentially larger price movements.
The 24-hour long/short ratio stood near 1.03, indicating a relatively balanced market. On Binance, however, the account ratio was higher at 3.26, showing stronger long positioning among traders.
Why Is the White House Crypto Meeting Important for XRP?
The White House crypto meeting could provide clues about the future direction of U.S. cryptocurrency regulation.
President Donald Trump was expected to meet regulators and industry executives, including SEC Chairman Paul Atkins, CFTC Chief Michael Selig, and representatives from Ripple, Coinbase, and Gemini.
Executives from Polymarket, Kalshi, Nasdaq, NYSE, CME Group and DTCC were also reportedly invited.
With no detailed agenda released, traders remain uncertain about potential regulatory developments. The meeting could become an important catalyst for XRP and other digital assets.
How Are XRP ETFs Performing?
XRP ETFs recorded positive inflows, attracting approximately $5.81 million on August 18, according to SoSoValue. Bitwise led with $2.24 million, followed by Grayscale at $1.94 million and Franklin at $1.63 million.
Total XRP ETF assets reached approximately $941.41 million, while trading volume stood near $10.49 million. Continued inflows suggest institutional interest remains despite XRP’s recent price weakness.
What Do XRP Fundamentals Show?
XRP’s ecosystem has shown positive developments. During Q2, XRPL’s native stablecoin supply increased 195% to approximately $825.5 million, driven mainly by RLUSD.
Tokenized asset value on the XRP Ledger reached a record $4.46 billion, while transferable asset value declined to $386.1 million.
Despite $253.6 million in inflows into XRP exchange-traded products, trading and ledger activity weakened. XRP’s price also fell nearly 20% in Q2. Future recovery could depend on stronger XRPL usage and new lending features.
XRP Price Prediction: What Comes Next?
XRP continues to hold support near $0.99, with bearish momentum showing some signs of easing. If buyers return, the token could potentially move toward the $1.07 area.
However, XRP remains below the 20-, 50-, 100- and 200-day EMA resistance levels. This keeps the broader trend under pressure.
A descending support line also remains close to the current price. Breaking above the major resistance levels would improve the technical outlook, while losing the $0.99 support could increase downside risk.
The White House meeting and Federal Reserve minutes could add significant short-term volatility.
Conclusion
XRP is holding near $1 as crypto traders await major U.S. policy and economic developments. Strong ETF inflows and growing XRPL stablecoin activity provide some positive signals, but technical resistance continues to limit the token’s recovery.
For now, traders will closely watch the $0.99 support and $1.07 resistance zones. Regulatory developments from Washington and signals from the Federal Reserve could determine XRP’s next major crypto move.
