Key Takeaways
- XRP declined approximately 5% over the past week, settling around $1.03, even as BTC, ETH, and SOL posted gains of 1–4%
- Total cryptocurrency market capitalization climbed 1.4% to reach $2.19 trillion
- Weekly XRP ETF inflows plummeted roughly 93% compared to the prior week, falling to just $1 million
- The Senate postponed voting on the CLARITY Act until at least mid-September
- XRP currently trades beneath its 50-day, 100-day, and 200-day exponential moving averages, with RSI hovering around 39
While the broader cryptocurrency market posted gains last week, XRP bucked the trend with a roughly 5% decline to approximately $1.03. In contrast, bitcoin, ether, and solana all recorded positive returns ranging from 1% to 4% during the same timeframe.
The overall digital asset market expanded by 1.4%, bringing the combined market capitalization to $2.19 trillion. Meanwhile, XRP trended in the opposite direction, hovering around $1.03 as of Monday’s trading session.
The decline becomes particularly noteworthy considering that XRP exchange-traded funds maintained positive net inflows for the fourth consecutive week. Despite this continued inflow streak, the volume plummeted approximately 93% from the previous week to merely $1 million, based on figures from SoSoValue.
In stark contrast, bitcoin and ether ETFs attracted several hundred million dollars in capital during the corresponding period.
CLARITY Act Postponement Creates Uncertainty
Market participants and industry experts are highlighting regulatory ambiguity as a primary factor behind XRP’s lackluster performance. The Senate’s decision to delay the CLARITY Act vote has created additional headwinds for the digital asset, as this legislation is widely viewed as essential for establishing clearer legal guidelines around XRP.
The postponed vote won’t take place until mid-September at the soonest. A significant portion of market observers believe passage of this bill represents a prerequisite for attracting broader institutional capital into XRP.
Iliya Kalchev, an analyst with Nexo, characterized the present market dynamics as a period of measured 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 said.
Jake Claver, chairman of Digital Ascension Group and a qualified family office professional, shared his long-range outlook. He indicated 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 a technical chart of XRP on X, indicating the current price movement could be setting up for a significant shift. The analysis highlighted what they characterized as an approaching breakout, although no concrete price objectives were provided.
Technical Analysis Overview
On the technical front, XRP remains positioned below 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 registers near 39 while the MACD indicator shows a negative reading, both suggesting ongoing bearish momentum.
Key support exists around the $1.00 threshold, a level where purchasing activity could emerge. Overhead resistance zones are layered at $1.10, $1.18, $1.30, $1.37, with additional resistance extending to $1.90.
As of Monday, XRP is changing hands at $1.03, representing a modest recovery following last week’s downturn.
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