XRP Holds $1.00 as White House Crypto Summit Nears

XRP News

XRP is defending the psychologically important $1.00 zone, with buyers stepping in around $0.99 ahead of a White House crypto meeting that is set to include Ripple executives. The session, expected to be hosted by President Donald Trump, will bring together regulators and industry leaders, including SEC Chair Paul Atkins, CFTC Chair Michael Selig, and representatives from Coinbase, Gemini, Polymarket, Kalshi, Nasdaq, NYSE, CME Group, and DTCC. No official agenda has been disclosed. According to XRP market data, the token traded nearly flat on the 4-hour chart, holding the $0.99 support after failing to produce a decisive break above prior resistance. Altcoin technicals show that $1.03 and $1.05 are the immediate hurdles on any rebound, while a loss of $0.99 would expose $0.97 as the next support. The Relative Strength Index stood near 47, below the neutral mark but far from oversold conditions.

Meanwhile, US spot XRP exchange-traded funds recorded net inflows of $5.81 million on August 18, according to fund flow data. Bitwise led the day with $2.24 million in inflows, followed by Grayscale at $1.94 million and Franklin at $1.63 million. Canary Capital and 21Shares reported no net flows. Total net assets across the US XRP ETF complex reached $941.41 million, representing 1.50% of XRP's market capitalization, with daily trading volume of $10.49 million. The flows come as the token continues consolidating near the $1.00 level, with market participants looking to the White House meeting for potential regulatory signals that could influence digital asset policy and market infrastructure oversight.

COINOTAG's proprietary 42-indicator composite S/R scoring engine rates the $0.9999 support at 93/100, driven by the confluence of pivot points, Keltner and Bollinger lower bands, and a Fibonacci retracement level. The $1.0504 resistance scores 76/100, supported by the 50-day SMA, Supertrend, and Ichimoku Kijun readings. With funding rates at 0.0062% and open interest near $755.66 million, positioning remains balanced, though the long/short account ratio of 3.87 indicates retail traders are heavily long. The Fear & Greed Index at 46 reflects cautious sentiment. A break below $0.99 would invalidate the stabilization thesis, while a daily close above $1.05 could shift the broader trend.