XRP stays around $1.10 as ETF inflows persist

Key takeaways

• XRP continues to consolidate around the $1.10 mark.
• The bulls are holding the price above the $1.05 support level.

Ripple’s XRP is trading lower on Thursday, staying around $1.10 as the token attempted to reverse a downtrend that has persisted since mid-May. 

The downtrend comes as institutional demand for XRP-linked investment products continues to strengthen, even as retail traders remain cautious amid ongoing geopolitical tensions.

Geopolitical uncertainty continues to weigh on markets

Risk sentiment remains fragile as tensions between the United States and Iran continue to escalate.

Recent developments have included renewed military exchanges between the two nations, with US President Donald Trump stating that Iran has been slow to agree to a peace deal. Following those remarks, the US military conducted additional strikes that it described as defensive actions.

Iran’s Islamic Revolutionary Guard Corps (IRGC) subsequently launched attacks targeting US military facilities in Kuwait, Bahrain, and Jordan.