XRP News Today: $XRP Holds Near $1 Ahead of White House Crypto Meeting

XRP price traded close to $1 on Wednesday. The token has struggled to break higher as traders wait on two big events.

A White House crypto meeting and the Fed's FOMC Minutes release are both in focus today. Both could move the wider crypto market, including XRP's price.

Bitcoin climbed back above $64,000, recovering some of its recent losses. Ethereum held near $1,919, sitting close to the top of its recent range after the SEC Proposes New Regulation Crypto Assets.

In today's XRP news, most eyes are on Washington rather than the charts. Traders scanning XRP news today are watching for any signal that could shift sentiment fast.

What Is Happening With XRP Price Today?

The altcoin is holding just above the $1 mark. It remains capped below key moving averages, which keeps pressure on the upside for now.

According to the derivatives data, the futures volume fell 19.62% over 24 hours to $1.26 billion. Open interest slipped slightly by 0.49% to $2.73 billion.

Options volume, on the other hand, jumped 321.76% to $1.30 million. Options open interest rose sharply too, up 1554.57% to $61.28 million, showing traders are positioning for bigger moves ahead.

The long/short ratio over 24 hours sits at 1.0342, showing a fairly even split between bulls and bears. On Binance, the long/short account ratio is higher at 3.2589, meaning more retail accounts are leaning long.

Why Is the White House Crypto Meeting Important for XRP?

President Donald Trump is expected to meet regulators and industry executives today. The meeting could shape how the US handles crypto oversight going forward.

Attendees are expected to include SEC Chairman Paul Atkins and CFTC Chief Michael Selig. Executives from Coinbase, Ripple, Gemini, Polymarket, and Kalshi are also expected to join.

Representatives from Nasdaq, the New York Stock Exchange, CME Group, and DTCC were reportedly invited as well. DTCC's presence stood out given its role in processing US securities transactions.

Crypto analyst Crypto Rover called it the biggest crypto summit in White House history in a post shared Wednesday, listing the same group of attendees from regulators to major exchanges.

No official agenda has been released yet. It is still unclear whether new rules or infrastructure topics will come up.

A separate event, the first CFTC Innovation Advisory Committee meeting, is scheduled for Thursday in Washington. That group will look at crypto, AI, and prediction market rules.

How Are XRP ETFs Performing Right Now?

$XRP ETF inflows totaled $5.81 million on August 18, according to SoSoValue data.

Total net assets across $XRP ETFs reached $941.41 million, equal to 1.50% of XRP's market cap. Trading volume across these funds hit $10.49 million during the session.

What Do XRP Fundamentals Show?

XRP price stayed close to $1.00 in August after Q2 data showed a 195% rise in XRPL native stablecoin supply, reaching $825.5 million, driven mainly by RLUSD.

Tokenized asset value on the XRPL hit a record $4.46 billion. Transferable assets, however, fell to $386.1 million.

Despite $253.6 million in inflows into XRP exchange-traded products, trading volumes and ledger activity declined over the quarter. The price fell nearly 20% in Q2.

Future price recovery may depend on higher ledger usage and approval of new lending features on XRPL, though this remains uncertain.

XRP Price Prediction: What's Next?

The price remains steady near $1, holding support above $0.99 as bearish momentum fades a bit.

The token could see some relief toward $1.07 if buyers step in. That said, price is still compressed beneath the 20/50/100/200 EMA resistance wall, which continues to guide the broader trend lower.

A sloping descending support line sits just below current levels too. Until it breaks through these key resistance zones, the path of least resistance may stay to the downside.

The outcome of today's White House meeting, along with the Fed minutes release, could add fresh volatility to price in the short term.

Rekt Data Snapshot

Disclaimer

This article is for informational purposes only and should not be considered financial or investment advice. Cryptocurrency markets are highly volatile, and prices can rise or fall sharply within short periods. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.