XRP gained over 3.8% in July, snapping a two-month losing streak while trailing Bitcoin (around 9%) and Ethereum (around 20%). Average monthly inflows to Binance have dropped to a historically low of approximately 3.6 million XRP, suggesting selling pressure exhaustion. XRP withdrawals accounted for 55.6% of Binance activity over the seven days ending July 31, the highest level since February 2021. However, August has historically been unfavorable for XRP, with average returns of just 0.43% and four consecutive years of red closes, while spot XRP ETFs attracted only $19.6 million in net flows across July’s 21 trading days.
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