XRP Price Falls to $1 as Retail, Institutional Investors Sell
Ripple (XRP) price fell to $1 on Monday, underperforming a broadly weaker crypto market, primarily driven by negative institutional sentiment and cooling on-chain activity.
Recent SEC filings revealed Grayscale’s XRP Trust sold over 103 million XRP ($180.78M) in H1 2026, signalling a major reduction in institutional holdings.
Concurrently, XRP Ledger transactions plunged 44.1% over five days, indicating a sharp cooling in network usage and demand. The combination of institutional selling and declining on-chain activity creates a negative feedback loop, eroding investor confidence.
The entire crypto market fell 1.69% in 24h, with Bitcoin down 1.94%. XRP’s steeper drop shows it is underperforming its beta. Technically, XRP trades below its 50-day ($1.09) and 200-day ($1.32) moving averages, with an RSI of 38.31 confirming bearish momentum.
XRP is facing both macro headwinds and internal technical weakness, with the critical $1 psychological level under test.
The immediate path hinges on the $1 support. A hold above could lead to a retest of the 50-day SMA near $1.09. However, a confirmed break below $1 opens the door to the next support near $0.97.
The upcoming U.S. CPI inflation report on August 12 is a key macro catalyst that could sway overall risk sentiment. The bias is bearish below $1.09, but a positive macro surprise could offer relief.
XRP’s price is weighed down by institutional selling, weak on-chain signals, and a breakdown from key technical levels. Traders said it is unclear whether buyers can defend the $1 level in the face of Wednesday’s high-impact CPI data.
Ripple voted to support two $XRP Ledger amendments—Single Asset Vault (XLS-65) and Lending Protocol (XLS-66)—moving them closer to potential activation.
XLS-65 has reached roughly 40% support and XLS-66 over 37%, still well below the >80% of trusted validators required for two consecutive weeks – about 28 of 35 validators on the default Unique Node List. Ripple’s vote advances the proposals but does not set an activation date.
The amendments would introduce single-asset vaults and a fixed-term lending protocol that uses off-chain credit checks with on-ledger loan terms, servicing, and default records.Robinhood Launches Crypto Trading for UK Investors
