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Supply Glut, CLARITY Collapse & the $1 Floor | Aug 1
Audio is available on Spreaker — see link below.
XRP is down 72% from its July peak even as Ripple posts record payment volume — and the supply math explains why. Today's briefing breaks down the escrow glut, ETF demand collapse, RLUSD's Korea expansion, and what a potential Fed hike means for the $1 floor.
Audio is available on Spreaker — see link below.
Ripple just processed one point three trillion dollars in payments in a single quarter, works with over three hundred institutions, and its stablecoin is expanding into the world's fourth-largest crypto market. XRP is still down seventy-two percent from its July peak.
July made it worse. Monthly ETF inflows collapsed from over one hundred and thirty million dollars in May to thirteen point six one million so far this month.
RLUSD is the clearest sign of Ripple's strategic direction. The stablecoin now holds fifty-five percent of total XRPL supply, up from forty-five percent in June, with a market cap of eight hundred and seventy-two million dollars.
The regulatory picture shifted sharply. The CLARITY Act was delayed past the August seventh Senate recess due to a dispute over ethics enforcement between state attorneys general and the DOJ.
The Federal Reserve held rates on July twenty-ninth, but the vote was six to three. Three officials voted to raise.
The technical picture adds one more layer. Eight hundred and thirty million XRP sits clustered between one dollar and one dollar and six cents in on-chain cost basis.
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