XRP traded between $1.06 and $1.08 on August 4, 2026, marking a decline of approximately 43% since the start of the year. The cryptocurrency has remained within a narrow range of $1.00 to $1.19 for nine consecutive weeks, following a notable sell-off from the $1.30 level in June.
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AAPLMomentum at Multi-Year Lows
Analyst Cryptollica shared that XRP’s monthly momentum has reached its lowest point in more than thirteen years, describing current conditions as more oversold than during corrections in 2014, 2018, 2020, or 2022. The analyst suggested that XRP is now testing a historically significant long-term support, which in earlier cycles attracted renewed buying interest. The stability of this support zone is expected to determine whether XRP can rebound or continue its decline.
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 side, XRP’s daily relative strength index stands near 45.7, while the 4-hour RSI is close to 52, both indicating relatively neutral momentum. The price continues to trade below its 50-period and 100-period moving averages on the 4-hour chart, approximately at $1.079 and $1.101. The 200-day exponential moving average is positioned near $1.397, still trending downward and about 31% above the current price.
ETF Inflows Slow Amid Market Correction
In the most recent week, spot XRP exchange-traded funds attracted $14.86 million in net inflows, according to BankXRP. Bitwise reported $10.15 million in new fund investments, bringing its total cumulative inflows to $511 million. Franklin Templeton followed with $4.70 million for the week and a running total of $426 million for its XRP ETF products.
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.
Total XRP ETF inflows for July reached $27.29 million, making it the fourth consecutive month of net gains, but growth has slowed significantly compared to April’s $81.59 million and May’s $131.94 million. On July 31 alone, Bitwise saw a $7.12 million increase, while Franklin Templeton added $576,520 that day.
Despite ongoing institutional interest, XRP’s inflows are modest when compared to those of larger assets such as Bitcoin and Ethereum, which saw monthly investments of approximately $172 million and $365 million, respectively, during July.
Ongoing Supply and Legislative Uncertainty
August brought another routine release from Ripple‘s escrow, with as much as 1 billion XRP unlocked this month. Typically, Ripple sends around 700 million tokens back to new escrow contracts, leaving 200 million to 300 million additional XRP entering circulation. Overall, about 62.5 billion XRP tokens are currently in public hands, while 32 billion remain locked in escrow.
Uncertainty continues on the regulatory front, with the CLARITY Act, a proposal that would assign XRP oversight to the Commodity Futures Trading Commission, still awaiting consideration in the US Senate. Lawmakers are anticipated to begin their recess between August 7 and 10, leaving little opportunity to schedule a vote before that time.
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