TLDR
- XRP dropped about 5% last week to around $1.03 while BTC, ETH, and SOL each gained 1–4%
- The broader crypto market added 1.4%, pushing total market cap to $2.19 trillion
- XRP ETF inflows fell roughly 93% week-over-week to just $1 million
- Senate has delayed the CLARITY Act vote until mid-September at the earliest
- XRP trades below its 50-day, 100-day, and 200-day EMAs, with RSI near 39
XRP fell roughly 5% last week to around $1.03 while the rest of the crypto market moved higher. Bitcoin, ether, and solana each gained between 1% and 4% over the same period.
The broader crypto market added 1.4%, lifting total market capitalization to $2.19 trillion. XRP moved in the opposite direction, sitting near $1.03 as of Monday.
What makes the drop stand out is that XRP exchange-traded funds still recorded net inflows for a fourth straight week. However, those inflows collapsed about 93% week-over-week to around $1 million, according to data from SoSoValue.
By comparison, bitcoin and ether ETFs pulled in hundreds of millions of dollars over the same stretch.
Regulatory Delay Weighing on XRP
Traders and analysts point to regulatory uncertainty as a key reason for the weak price action. The Senate has pushed back its vote on the CLARITY Act, a piece of legislation seen as critical for clarifying XRP’s legal status.
JUST IN: 🇺🇸 U.S. Senate scheduled to vote on the CLARITY Act on Tuesday, Sept. 15 sometime in the 2 p.m. hour. pic.twitter.com/VTwn34ZElk
— Whale Insider (@WhaleInsider) August 8, 2026
That vote is not expected before mid-September at the earliest. Many in the market believe the bill is needed before wider institutional participation in XRP can begin.
Iliya Kalchev, analyst at Nexo, described the current state as one of quiet absorption. “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 said.
Jake Claver, chairman of Digital Ascension Group and a qualified family office professional, offered a longer-term perspective. He said 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.”
Crypto analyst Amonyx posted a chart of XRP on X, suggesting the price action was building toward a major move. The post pointed to what they described as an imminent breakout, though no specific price targets were given.
XRP Technical Picture
From a technical standpoint, XRP is holding below its 50-day EMA at $1.10, its 100-day EMA at $1.18, and its 200-day EMA at $1.37. The RSI sits near 39 and the MACD reading is negative, both pointing to continued downward pressure.
This $XRP chart is screaming one thing:
EXPLOSION INCOMING. 🚀
Are you ready? 👀 https://t.co/1lCYJasNTF pic.twitter.com/unuNBg8O0I
— Amonyx (@amonyx) August 9, 2026
Support sits near the $1.00 level, where buyers may step in. Resistance levels are stacked at $1.10, $1.18, $1.30, $1.37, and further out at $1.90.
XRP is trading at $1.03 on Monday, a slight rebound after last week’s decline.
