XRP Whales Buy at $1 on Fresh SEC Token Proposal: Main Crypto News This Morning

TL;DR:

The cryptocurrency market is stabilizing on the morning of Aug. 19 after a difficult week, while the leading digital assets are simultaneously being squeezed into narrow ranges. Institutional capital in the U.S. has abruptly shifted back toward accumulation following the massive downturn from Aug. 10 to Aug. 14, when net outflows from crypto funds reached a record $389.7 million.

The Aug. 18 trading session ended with a powerful comeback: spot Bitcoin ETFs attracted $189.31 million in a single day, while Ethereum ETFs recorded $71.47 million in net inflows. Against this backdrop, U.S. spot XRP ETFs are still showing modest volumes, with $5.81 million in net inflows yesterday, according to SoSoValue.

TradingView price charts are currently showing complete calm and tight consolidation. Bitcoin BTCUSD is pressing at $65,000 on Bitstamp's 12-hour chart, while XRPUSD is moving in sync with the market leader with a gain of 1.23%.

XRP is firmly holding its crucial psychological and technical support level at $1.0052. This stability is being driven not by retail traders but by an aggressive on-chain strategy among major players, who are buying every local dip.

Institutional whale accumulation was triggered by a powerful fundamental catalyst from Washington. The U.S. Securities and Exchange Commission (SEC) published a historic proposal to simplify token registration, which has already been linked to the Senate's upcoming vote on the CLARITY Act.