XRP Capped on Weak Buying Conviction, Trades 65% Below Target Price
Ripple (XRP) price has been capped at $1 over the last 24 hours amid weak buyer conviction and fluctuating institutional inflows into exchange-traded funds (ETFs) linked to the token.
The market cap of XRP has plunged 70% year-to-date to $62.8 billion, according to data from a cryptocurrency exchange. The token plunged sharply following a delay in the US Securities and Exchange Commission’s Clarity Act, which sought to classify XRP as a commodity.
Ripple CEO Brad Garlinghouse is scheduled to speak at the Wyoming Blockchain Symposium on Aug. 18. SALT’s updated agenda lists his 15-minute session, “Modernizing Financial Infrastructure,” at the Four Seasons Resort Jackson Hole.
The agenda does not list any $XRP announcement, product launch or new Ripple partnership alongside his session; claims of an XRP-specific unveiling would exceed organisers’ confirmations.
His appearance comes amid U.S. regulatory developments: the SEC cancelled its Aug. 14 meeting on proposed crypto offering rules and has not set a replacement date, while the Digital Asset Market Clarity Act faces a Senate cloture motion on Sept. 15.
Ripple has recently expanded its treasury and stablecoin services—Digital Asset Accounts and Unified Treasury launched in April, and Ripple Mint in July.
XRP is trading far from the N2.80 target price set by Standard Chartered for 2026 amid downbeat investor sentiment, despite Ripple’s increased cross-border payments footprint.
Market reports indicate that XRP whale inflows on the Binance platform have recently declined sharply and, when measured over a 3-month average, have fallen to their lowest level since 2021.
The data show that the current inflow to Binance from $XRP whales is about $61 million, a substantial decrease from before. By contrast, this metric reached $456 million in January 2025 and $355 million in October 2025; the current level is roughly 6 to 8 times lower than previously.
Although XRP has recently struggled to hold the key $1 level, whale inflows that previously preferred to execute large trades on Binance are declining. However, XRP net inflows remain positive at about $18.8 million, meaning inflows still temporarily dominate.
Darkfost noted that this trend mirrors the broader crypto market, where trading volume and capital inflows have declined overall; this may reflect easing selling pressure, but new market demand has not yet clearly recovered.
Cooling whale trading activity is a positive signal for $XRP, but it is still insufficient to confirm that the market has reversed, and it is too early to judge that $XRP has begun a new round of upward movement.
Bitwise $XRP ETF ($XRP) experienced net inflows, with a single-day net inflow of $2.2531 million, bringing its cumulative historical net inflow to $512 million.
