XRP has officially touched $0.99 for the first time since November 2024, marking the end of its 635-day streak above $1 that began in November 2024. The cryptocurrency is currently trading at $1.01, barely holding above the psychologically important $1 level. According to Claude AI, XRP currently trades around $1.00, down roughly 72% from its July 2025 all-time high near $3.65. The daily trading volume for Ripple is currently at $728 million, up from $680 million the previous day, as reported by Claude AI. The XRP price has closed above $1 for 635 straight days, nearly two years, and that run survived this week by less than a cent before the decisive break below $1.
Three major AI models have converged on XRP's potential bottom, with ChatGPT and Gemini both putting the odds of XRP closing below $1 before September end at 75%, while Claude puts it at 65%. Their bottom calls range from $0.55 to $0.80, with ChatGPT at $0.78, Claude at $0.80, and Gemini the furthest out at $0.55. ChatGPT argues that the $1 support is an unusually crowded level where most traders set stop-loss orders, which creates automatic selling pressure that drags prices well past the level before buyers step back in. Claude notes that XRP has not traded below $1 in 635 days, creating very little buying or selling activity at those prices to act as support on the way down.
The technical setup has deteriorated significantly, with XRP trading below all major moving averages - the 50-day EMA at $1.09, 100-day at $1.17, and 200-day at $1.36. The daily RSI reads 36, approaching oversold territory where sellers usually run out of steam. As reported by Claude AI, the prediction model notes that trends like this tend to persist until there's a real forcing catalyst, with only pending catalysts such as the CLARITY Act and broader crypto risk-on rotation currently in play. The technical analysis suggests that sellers have control on every timeframe, with the price action confirming the breakdown of key support levels.
Weekly XRP ETF inflows have fallen 93% to $1.01 million for the week ending August 8, with net assets dropping to $964 million against the $666 million gathered in their first month. According to Claude AI, ETF buying is what absorbs selling from other market participants, and with inflows slowing to a trickle, XRP has far less support holding it up. The ETFs hold approximately $933 million in XRP, representing 1.5% of XRP's $63 billion market cap, which is more than XRP trades in a single day. However, these funds can cushion a fall but cannot stop it, as they only sell when investors cash out their shares rather than being forced sellers.
The September 15 CLARITY Act Senate vote remains XRP's only remaining 2026 catalyst, with a failed vote potentially triggering another multi-year stretch below $1. As reported by Claude AI, if the vote fails, XRP has no scheduled catalyst left in 2026, and another multi-year stretch becomes the likely outcome. The whole market has been waiting on this vote, and passing it would bring back the institutional money that has stayed out all year. Claude AI emphasizes that the CLARITY Act still has to clear the Senate, and if it fails, XRP could spend a few months below $1 but would not take years like previous cycles did, given the institutional backing through ETFs.
