You can also read this news on BH NEWS: XRP Faces Testing Times with Sluggish Inflows and Historic Price Lows XRP witnessed notable trading activity between $1.06 and $1.08 on August 4, 2026,
You can also read this news on BH NEWS: XRP Faces Testing Times with Sluggish Inflows and Historic Price Lows
XRP witnessed notable trading activity between $1.06 and $1.08 on August 4, 2026, experiencing a sharp 43% downturn since the year began. The cryptocurrency’s price has lingered in a tight range of $1.00 to $1.19, maintaining this trend for nine weeks in the aftermath of a steep drop from $1.30 in June.
What Lies Beneath XRP’s Price?
XRP currently finds its momentum at the lowest levels in over thirteen years, according to analyst Cryptollica. This plunge indicates a more severe oversold state than historic corrections witnessed in earlier years. The analyst notes that XRP’s ability to bounce back or continue its decline depends on the stability of its long-term support, a historically pivotal level that has rekindled investor interest in past cycles.
XRP’s monthly momentum has hit a record low after 13 years of price history, with current readings more extreme than any prior downturns in the past decade, as the cryptocurrency retests its long-term rising support base.
On the technical front, XRP’s daily relative strength index is positioned near 45.7, while the 4-hour RSI reads close to 52, both signaling neutral momentum. Trade persists below the 50 and 100-period moving averages on the 4-hour chart, each around $1.079 and $1.101, respectively. Meanwhile, the 200-day exponential moving average sits at approximately $1.397, trending downward at about 31% above the current price.
Is ETF Interest Moving at a Snail’s Pace?
Yes, XRP exchange-traded fund inflows have decelerated as the market undergoes a correction. Recent data shows that XRP spot ETFs logged $14.86 million in net inflows over the past week, as reported by BankXRP. Bitwise led this drive with $10.15 million, while Franklin Templeton accounted for $4.70 million during the same period.
Bitwise led XRP spot ETF inflows last week with over $10 million, while Franklin Templeton contributed another $4.7 million, both signaling continued institutional demand despite weak price action.
Cumulatively, July’s XRP ETF inflows amounted to $27.29 million, securing a fourth consecutive month of gains, though this reflects a slowdown relative to the robust $81.59 million in April and a towering $131.94 million in May. Notably, July 31 saw Bitwise increase by $7.12 million, with Franklin Templeton chipping in with $576,520 that day.
- XRP’s price has stayed within a limited band for over two months, affected by a sale from the $1.30 mark.
- Momentum indicators reveal an unparalleled low in over a decade, presenting potential for rebound or further decline.
- Technical analysis and ETF outflows depict a fragile market state amid lukewarm institutional enthusiasm.
Despite ongoing interest from financial institutions, XRP’s inflows remain minor compared to principal assets like Bitcoin and Ethereum. With looming regulatory uncertainties, particularly the CLARITY Act awaiting Senate review, and Ripple‘s recent 1 billion XRP release, the market watches closely. Real-time technical analysis becomes ever-crucial amid volatility, aided by tools like CryptoAppsy, offering users a seamless experience to navigate the shifting landscape efficiently.
Continue Reading:
XRP Faces Testing Times with Sluggish Inflows and Historic Price Lows