XRP Price Stagnates Despite $1 Billion ETF Inflows and Expansion

XRP Price Stagnation Despite Positive Developments

XRP has been trading sideways around $2.00, despite positive news in the Ripple ecosystem.
Significant developments include a $300 million venture fund expansion into South Korea and nearly $1 billion in spot ETF inflows.
Institutional interest seems focused on Ripple's corporate strategy and potential IPO rather than direct XRP demand.
Spot XRP ETFs saw $990 million inflows over 30 days but did not impact XRP's market price, which fell over 12% last month.
Technical indicators suggest downside risk for XRP, with support levels at $1.63 and $1.50.
The broader crypto market weakness, including Bitcoin's decline, affects XRP's performance.
Low trading volumes and arbitrage activities contribute to XRP's muted price response.

Overall, current market mechanics and macroeconomic factors overshadow positive XRP ecosystem progress, limiting price movement.