XRP ETF

SoSoValue

Wednesday

<h2 id="a-confluence-of-bearish-pressures-weighs-on-a-href-https-x-com-search-q-24xrpsrc-cashtag_click-rel-noopener-noreferrer-nofollow-xrp-a">A confluence of bearish pressures weighs on <a href="https://x.com/search?q=%24XRP&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$XRP</a></h2><p>$XRP is trading at $1.03, recording its worst weekly performance since 2024 after breaking through a key multi-year psychological support level. <cite>The token was changing hands at approximately $1.03 on August 9, having slipped about 1% over the prior 24 hours and remaining down roughly 4% over the last seven days.</cite> The sell-off has left the asset at its lowest level in nearly two years, raising serious questions about near-term direction.</p><p><cite>$XRP entered August 2026 down approximately 43% from its January high of $2.41, with the $1.00 support level functioning as the only demand zone bulls have successfully defended across the entire calendar year.</cite><cite>Roughly 60% of the token's circulating supply is currently held at a loss, with an average cost basis near $1.48.</cite></p><h2 id="clarity-act-delay-and-fading-etf-demand-remove-key-pillars">CLARITY Act delay and fading ETF demand remove key pillars</h2><p>Two catalysts that underpinned the 2026 bull case for $XRP have now stalled simultaneously. <cite>Senate Majority Leader John Thune confirmed that the Digital Asset Market Clarity Act will not receive a floor vote before the Senate's August recess.</cite><cite>The bill, which would permanently classify XRP as a commodity under federal law, cannot receive the vote institutional participants have been waiting on until lawmakers return in the fall.</cite></p><p>The legislative delay has hit institutional appetite directly. <cite>U.S. spot XRP ETFs pulled in $131.94 million in May, but that figure had fallen to $27.29 million by July, a 79% decline in two months.</cite><cite>Spot XRP ETFs recorded zero flows on 11 of July's 22 trading days, according to SoSoValue data, against the $666 million the same vehicles gathered in their first month of trading in November 2025.</cite> More recently, <cite>U.S. spot XRP ETFs recorded $3.58 million in net outflows during a single Wednesday trading session.</cite></p><p>On the technical side, the picture remains challenging. <cite>The XRP price is trading below both its 50-day simple moving average near $1.21 and its 200-day SMA near $1.37, a configuration that technical analysts describe as a death cross, implying continued selling pressure absent a significant catalyst.</cite><cite>Charts project a 15% to 17% drop from $1 if the level fails on a daily or weekly close, with $0.85 to $0.88 as the measured move target.</cite></p><p>The path back is clear in principle, even if difficult in practice. <cite>A Senate floor date for the CLARITY Act would change the outlook, since every step the bill has taken this year has moved the XRP price within a day, and a floor vote is the biggest step left.</cite> Until then, the $1.00 level remains the line in the sand.</p><p><strong>Sources:</strong><br><a href="https://247wallst.com/investing/cryptocurrency/2026/07/30/xrp-price-prediction-how-low-will-xrp-drop-in-2026-if-the-clarity-act-doesnt-pass/" rel="noopener noreferrer nofollow">24/7 Wall St.: XRP Price Prediction if the CLARITY Act Doesn't Pass</a><br><a href="https://thecurrencyanalytics.com/altcoins/xrp-etf-inflows-crater-79-as-clarity-act-stalls-before-senate-recess-282573" rel="noopener noreferrer nofollow">The Currency Analytics: XRP ETF Inflows Crater 79% as CLARITY Act Stalls</a><br><a href="https://crypto.news/xrp-price-risks-1-breakdown-as-etf-demand-fades/" rel="noopener noreferrer nofollow">Crypto.news: XRP Price Risks $1 Breakdown as ETF Demand Fades</a></p>

XRP is facing its toughest test yet

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