Key Takeaways
- XRP declined approximately 5% over the past week, settling near $1.03 as BTC, ETH, and SOL posted 1–4% gains
- Total cryptocurrency market capitalization climbed 1.4%, reaching $2.19 trillion
- Weekly XRP ETF inflows plummeted roughly 93% compared to the previous week, landing at just $1 million
- The Senate has postponed voting on the CLARITY Act until at least mid-September
- XRP is currently trading beneath its 50-day, 100-day, and 200-day exponential moving averages, with RSI hovering around 39
Ripple’s XRP token declined approximately 5% during the past week, settling around $1.03 while the broader cryptocurrency market experienced upward momentum. Bitcoin, ethereum, and solana each posted gains ranging from 1% to 4% during the same timeframe.
The wider digital asset market advanced 1.4%, pushing aggregate market capitalization to $2.19 trillion. XRP bucked this trend, trading near $1.03 as of Monday’s session.
The decline becomes particularly noteworthy when considering that XRP exchange-traded funds continued to see positive net inflows for a fourth consecutive week. Despite this continuation, those inflows experienced a dramatic collapse of approximately 93% on a week-over-week basis, dropping to roughly $1 million according to SoSoValue data.
In stark contrast, bitcoin and ethereum ETF products attracted hundreds of millions of dollars during the equivalent period.
Legislative Uncertainty Dampens XRP Sentiment
Market participants and crypto analysts are pointing toward regulatory ambiguity as a primary driver behind the lackluster performance. The Senate has deferred its voting session on the CLARITY Act, legislation widely viewed as essential for establishing definitive clarity around XRP’s regulatory classification.
The postponed vote isn’t anticipated to occur before mid-September at the earliest. A significant portion of the market believes this legislation represents a necessary precondition before broader institutional capital flows into XRP can materialize.
Iliya Kalchev, an analyst at Nexo, characterized the present market condition as a period of silent accumulation. “XRP’s positioning looks patient in its own right, with order flow staying large even as volume metrics turn neutral — quiet absorption rather than capitulation or a confirmed breakout,” Kalchev noted.
Jake Claver, chairman of Digital Ascension Group and a certified family office professional, provided a more extended outlook. He stated that XRP is “looking more and more like it will claim its spot as a global bridge asset and possibly be recognized by the BIS as tier-one asset in the future.”
Cryptocurrency analyst Amonyx shared an XRP chart on X, indicating the price movement appeared to be consolidating ahead of a significant shift. The analysis hinted at what they characterized as an approaching breakout, although concrete price objectives were not specified.
Technical Analysis of XRP
From a technical analysis perspective, XRP remains positioned beneath its 50-day exponential moving average at $1.10, its 100-day EMA at $1.18, and its 200-day EMA at $1.37. The relative strength index hovers near 39 while the MACD indicator displays a negative reading, both suggesting persistent bearish momentum.
Critical support exists around the $1.00 threshold, where demand may potentially emerge. Resistance zones are layered at $1.10, $1.18, $1.30, $1.37, and extending to $1.90.
As of Monday’s trading session, XRP is exchanging hands at $1.03, representing a modest recovery following last week’s downturn.
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