Ripple Benefits From Washington Summit and Strong XRP ETF Inflows
Garlinghouse met with Trump, the SEC, and the CFTC at the White House, while U.S. XRP ETFs saw $5.81 million in inflows. Ripple’s stablecoin RLUSD kept growing on the XRP Ledger.
Key Takeaways
- Ripple CEO Brad Garlinghouse attended the crypto summit at the White House with President Trump and regulators.
- U.S. XRP ETFs recorded $5.81 million in inflows, the strongest day since July 31, and together hold about 1.5 percent of all XRP.
- The XRP price rose about 11 percent to around $1.10, while support sits between $1.00 and $1.03 and resistance between $1.20 and $1.25.
Ripple had a strong day on multiple fronts on Wednesday. CEO Brad Garlinghouse joined President Trump at the White House, the U.S. XRP ETFs saw their strongest inflows since late July, and the XRP price rose about 11 percent. The coin briefly touched around $1.13 (€0.97) and later traded around $1.10 (€0.95).
Garlinghouse at the White House
The biggest news came out of Washington. Garlinghouse was at the crypto summit at the White House on August 19 and was the only top executive there from a company behind a crypto coin. Also at the table were SEC Chair Paul Atkins, CFTC Chair Michael Selig, and Coinbase CEO Brian Armstrong.
Afterward, Garlinghouse stressed that 67 million Americans own crypto, nearly 1 in 4. His main point was that crypto is no longer a niche, in his view. The timing was especially relevant because the SEC presented new rules this week that make it easier for companies to raise money with digital coins. Trump also called on Congress to quickly pass the CLARITY Act.
ETF Inflows Pick Up
There was also more activity in the XRP ETFs. Investors put $5.81 million (€5 million) into the funds in one day, the strongest day since July 31. The five spot ETFs now together hold about 1.5 percent of all XRP in circulation.
That is a notable development, especially since inflows had previously slowed down. The renewed interest in XRP is also not happening in isolation. XRP demand cools, but funding points to a rebound had already shown that the market can turn quickly once derivatives and ETF flows pick up again. Ripple’s stablecoin RLUSD recently grew to about $1.71 billion (€1.5 billion) in supply after a fresh mint of 10 million tokens on the XRP Ledger. RLUSD is pegged to the dollar and is mainly used by banks and large companies.
What This Means for XRP
For European crypto followers, this is especially relevant because Ripple is visible on multiple fronts at once: politics, products, and market interest. The combination of a White House visit, new U.S. rules, and more ETF inflows shows that XRP once again has a firm place in the broader debate about crypto in the United States.
For the price, the levels around $1.00 (€0.86) to $1.03 (€0.89) remain important support. On the upside, resistance sits between $1.20 (€1.03) and $1.25 (€1.08). As long as XRP has not broken through there yet, the recent rise remains mostly a solid bounce within a volatile market.
