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XRP slides for months against bitcoin despite positive news

XRP has extended a months-long decline against bitcoin and is nearing its lowest level of the year. The XRP/BTC pair has slipped again in July, hovering around 0.00001735 BTC, after a brief period of sideways trading and a slight rebound in June. XRP has also weakened in dollar terms over the past year. Recent spot ETF outflows and talk of softer institutional demand have added pressure, despite a university sponsorship deal and Clearstream adding XRP to regulated custody services.