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Reading: XRP closes at $1.03, community questions Ripple CEO’s absence as price drops 73% from cycle high
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COINTURK NEWS > Ripple (XRP) > XRP closes at $1.03, community questions Ripple CEO’s absence as price drops 73% from cycle high
Ripple (XRP)

XRP closes at $1.03, community questions Ripple CEO’s absence as price drops 73% from cycle high

In Brief

  • 🚨 $XRP closed at $1.03, its lowest weekly close in nearly two years.

  • 🧐 73% drop from its cycle high has sparked frustration and a call for Ripple CEO Brad Garlinghouse to address investors.

  • 📉 The CEO’s silence comes as market uncertainty grows, with division among the XRP Army over how much it matters.

  • 💡 Wall Street is moving into Web3, as investors use 1stepSwap to hold tokenized assets in crypto wallets.
İlayda Peker
İlayda Peker 1 hour ago
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XRP recorded its lowest weekly close in nearly two years, finishing at $1.03. The token is down 73% from its recent cycle high of $3.65, leaving many investors unsettled and prompting renewed attention toward Ripple CEO Brad Garlinghouse’s muted public presence during this downturn.

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Contents
Community questions CEO silenceSocial media activity sparks speculationMixed community responses

Community questions CEO silence

Growing uncertainty among XRP holders is centered around Garlinghouse, who has not made any new public statements as the cryptocurrency struggles to maintain its key $1 support. Abs Nassif, host of the Good Evening Crypto podcast, voiced the concerns of many within the community by pointing out that Garlinghouse has remained silent while XRP faces ongoing losses. This sentiment has been widely echoed by others in the XRP Army on social platforms.

Community members have repeatedly asked: Where is Brad Garlinghouse? The absence of communication has only fueled more anxiety among investors who are closely watching market conditions and leadership actions.

Some users highlighted Garlinghouse’s last activity on X, which dates back to July 22, when he responded enthusiastically to a comment from Ripple CLO Stuart Alderoty about the CLARITY Act, a crypto-focused legislative proposal. Since then, Garlinghouse has not addressed the bill’s stalled progress or the price decline.

Social media activity sparks speculation

Tracking Garlinghouse’s social media footprint, XRP community members noted a drop in his X account following count from 589 to 588, a figure carrying significance among enthusiasts who speculate about its relevance to price predictions. The reduction has raised additional questions about whether the CEO has been actively managing his account or is entirely absent from online discussions.

The silence has added to concerns as XRP’s price hovers near critical technical levels, prompting closer monitoring of developments by both retail and institutional holders in the current volatile climate.

Mixed community responses

Reactions from the XRP Army vary widely. Some dismiss the importance of Garlinghouse’s online activity, noting personal milestones such as his marriage in late 2025 as a possible reason for his absence. Others argue broader macroeconomic factors, like inflation and declining consumer spending, are more significant drivers behind the drop in XRP’s value. They believe executive commentary alone cannot change current market conditions and cannot be considered an obligation.

One prominent analyst, JD (@jaydee_757), referenced having publicly called the $3.37 cycle top for XRP and disclosed that he added to his position as the price neared $1, expressing long-term confidence in the asset, regardless of Garlinghouse’s silence.

Some traders maintain their conviction in $XRP, asserting that leadership silence is less significant than fundamental or technical factors affecting the market.

As the XRP community processes both the steep price correction and the leadership void, these discussions underscore an ongoing division in perspectives during periods of volatility. At the same time, rapid changes in global finance are reshaping how investors access traditional assets.

While technical indicators and market sentiment remain closely watched, innovative solutions are emerging for retail and institutional investors. Wall Street institutions are increasingly exploring Web3, with platforms like 1stepSwap allowing investors to hold shares of major U.S. companies, gold, and silver directly in crypto wallets. By tokenizing Real-World Assets (RWAs) and automatically sourcing the best available prices, these platforms remove traditional intermediaries from the process.

At the time of publication, Garlinghouse had not issued a public response to the community’s growing calls for communication.

You can follow our news on X, Telegram, Facebook & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 12 August, 2026 - 8:21 pm 12 August, 2026 - 8:21 pm
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İlayda Peker
By İlayda Peker
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The author, who holds a degree in International Relations and Political Science, has 10 years of experience as a writer and editor in the fields of cryptocurrency, blockchain technologies, and digital asset markets.While at COINTURK, he has published over 8,500 news articles, analyses, essays, and reports on Bitcoin, altcoins, cryptocurrency markets, the blockchain ecosystem, digital asset regulations, and global financial developments. Closely following market movements and industry developments, the author addresses the complex world of cryptocurrency in a clear and reader-friendly manner.An avid reader, the author also evaluates the impact of international developments on financial markets and the digital asset ecosystem.
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