XRP dropped 5 percent last week while Bitcoin, Ether and Solana each climbed between 1 percent and 4 percent. The broader crypto market added 1.4 percent, pushing total market capitalization to $2.19 trillion. XRP currently trades at $1.038.
XRP exchange-traded funds posted net inflows for a fourth consecutive week, but that number collapsed 93 percent week-over-week to just $1 million. Bitcoin and Ether funds attracted hundreds of millions during the same period.
Regulatory uncertainty is driving XRP's underperformance. The Senate has delayed consideration of the CLARITY Act—legislation that would define which digital assets are securities or commodities and assign regulatory jurisdiction to the SEC or CFTC. A vote is not expected until mid-September at the earliest. Without that classification, institutions face compliance hurdles that make significant XRP allocation difficult to justify.
Iliya Kalchev, an analyst at Nexo, said XRP is "patient in its own right," adding that "order flow staying large even as volume metrics turn neutral" signals "quiet absorption rather than capitulation or a confirmed breakout."
Jake Claver, chairman of Digital Ascension Group, said XRP "is looking more and more like it will claim its spot as a global bridge asset" and could "possibly be recognized by the BIS as a tier-one asset in the future." The Bank for International Settlements' tier-one classification applies to the most liquid and stable assets banks can hold.
Bitcoin trades at $65,246, up 0.7 percent over 24 hours. Ether stands at $1,926, up 0.5 percent. Solana trades at $76.93.
