XRP Price Slides Toward $1 as Weak ETF Demand Threatens Recovery

 

By Giuseppe Ciccomascolo // July 28, 2026 @ 08:05 AM Make AlphaWire Logo preferred on Google News
XRP Price Slides Toward $1 as Weak ETF Demand Threatens Recovery

Share

Point of Focus

  • XRP has slipped toward $1.08, underperforming BTC, ETC, and SOL.
  • Weekly ETF inflows remain too small to create meaningful price pressure.
  • XRP must reclaim resistance at $1.14 to reverse its seven-month technical bear market.

XRP (XRP) is drifting dangerously close to the psychologically important $1 level as limited demand from exchange-traded funds (ETFS) fails to offset broader selling pressure.

The token traded at approximately $1.08 on Kraken early Tuesday in Europe, down 2.6% from its opening price. XRP also performed worse than several other major cryptocurrencies: Bitcoin (BTC) declined by over 1%, Ether (ETH) lost 0.6%, and Solana (SOL) fell by around 2% over the same period.

 

XRP underperforms the wider crypto market

XRP’s relative weakness comes despite a sharp increase in market activity. CoinGecko data showed its 24-hour trading volume approaching $987 million, nearly double the previous day’s level.

Rising turnover alongside falling prices suggests sellers remain active rather than indicating a decisive return of buyers.

XRP declined 2.7% over seven days, compared with a 0.4% contraction across the broader cryptocurrency market. That gap indicates that its problems extend beyond a generally weak risk appetite.

 

Total XRP spot ETF net inflow
Total XRP spot ETF net inflow. Source: SoSoValue

 

SoSoValue data showed that US spot XRP ETFs attracted approximately $8.15 million in net inflows over the previous week.

Although positive, those subscriptions represented only around 0.83% of XRP’s daily trading volume and roughly 0.012% of its $67.9 billion market capitalization.

ETF flows and trading volume measure different activities, so they cannot be compared directly. However, the scale difference helps explain why positive fund demand has not produced a visible price recovery.

 

XRP whales continue accumulating

Onchain positioning offers a more encouraging but inconclusive signal.

Wallets holding between 100,000 and 100 million XRP increased their combined balances by 2.8% over five weeks, according to Santiment data. Smaller holders reduced their exposure by 5.2% during the same period.

Large investors may therefore be accumulating at lower prices, but their purchases have not generated enough momentum to reverse the downtrend.

 

XRP key vs retail wallet holdings
XRP key vs. retail wallet holdings. Source: Santiment

 

XRP remains below its main exponential moving averages (EMAs), leaving sellers in control of the technical structure.

The first obstacle is the 50-day EMA near $1.14. XRP reached that area on July 21 and 22 but failed to establish support above it.

A brief intraday move would carry limited significance. Bulls need consecutive daily closes above $1.14 to demonstrate that short-term momentum has changed.

 

XRP faces stronger resistance at $1.22

The next barrier appears at the 100-day EMA around $1.22. XRP has remained below this indicator since April.

A recovery toward that level could encounter selling from investors seeking to exit positions around their original purchase prices. Reclaiming $1.22 would nevertheless signal that XRP has repaired much of the damage caused by its June decline.

 

XRP technical analysis
XRP technical analysis. Source: MarketScreener

 

The decisive test lies at the 200-day EMA near $1.42. XRP has traded below this long-term indicator since January, effectively placing it in a seven-month technical bear market.

Reaching $1.42 from current levels would require a rally of approximately 29%.

Even that move would not immediately confirm a new bull market. XRP would need to remain above all three averages long enough to reverse their bearish alignment, with the 50-day currently below the 100-day and the 100-day below the 200-day.

Share

Default avatar

Giuseppe Ciccomascolo

After graduating with a Master’s in Advanced Journalism at the London School of Journalism Giuseppe worked as an analyst and Senior Reporter. In 2017, he transitioned to covering cryptocurrency-related news, producing documentaries and articles on Bitcoin and other emerging digital currencies and played a pivotal role in establishing the academy for a cryptocurrency exchange website.

Table of content

Ad

Related Articles