XRP Price Holds Near $1 as White House Crypto Meeting Takes Focus

XRP price hovered around the crucial $1 level on Wednesday as crypto traders watched a major White House meeting involving regulators, digital asset executives, and traditional financial institutions. Meanwhile, Bitcoin climbed above $64,200, while Ethereum approached the upper end of its consolidation range near $1,919.

President Donald Trump is expected to meet key figures from the cryptocurrency and financial sectors, including SEC Chairman Paul Atkins, CFTC Chief Michael Selig, and representatives from Coinbase, Ripple, Gemini, Polymarket, and Kalshi. Executives from Nasdaq, the New York Stock Exchange, CME Group, and DTCC are also reportedly invited.

Although no official agenda has been released, the White House crypto meeting could shape expectations around US cryptocurrency regulation, federal oversight, and market infrastructure. It comes as lawmakers and regulators continue working toward clearer rules governing digital assets. The event also precedes Thursday's CFTC Innovation Advisory Committee meeting, where cryptocurrency, AI, prediction markets, and financial innovation are expected to be discussed.

Against this backdrop, XRP price remained close to $1, gaining roughly 0.02% during the latest four-hour period. The token held above key support at $0.99, while $1.03 and $1.05 remain important resistance levels.

Technical indicators showed mixed conditions. XRP's Relative Strength Index stood at 47.03, indicating subdued momentum without reaching oversold territory. The MACD line was at -0.0016 compared with a signal line of -0.0022, while the positive 0.0006 histogram suggested bearish momentum may be weakening.

Holding $0.99 could allow XRP to consolidate before another attempt at $1.03. A decisive move above $1.05 could improve the short-term bullish outlook, while losing $0.99 may expose XRP to support around $0.97.

Institutional demand also showed signs of improvement. US spot XRP ETFs recorded $5.81 million in net inflows on August 18. Bitwise attracted $2.24 million, Grayscale added $1.94 million, and Franklin recorded $1.63 million. Total XRP ETF net assets reached approximately $941.41 million, representing about 1.50% of XRP's market capitalization.