XRP is currently holding above $1, maintaining its longest streak above this critical psychological level at 632 consecutive days, as the token shows signs of potential bullish momentum despite recent challenges. According to crypto.news and BeInCrypto market data, XRP dropped 5% last week to around $1.03, significantly underperforming the broader crypto market which gained 1.4% as the token continues defending the $1 level. The token's market capitalization remained near $64.2 billion, with trading volume approximately $1.44 billion and circulating supply near 62.53 billion tokens. Bitcoin, Ether, and Solana rose 2-3% during the same period, highlighting XRP's continued underperformance relative to major cryptocurrencies, with the token struggling near its yearly lows as short-term market caution increases.
Whales have recently accumulated 380 million XRP, with buying concentrated around the key $1 psychological level, according to RippleXity data. This significant accumulation pattern, combined with XRP's 632-day streak above $1 - its longest stretch above this critical level - suggests institutional and large-scale investors are beginning to view XRP as undervalued relative to other risk assets. XRP's RSI is sitting around the neutral 50 level while Bitcoin, Ethereum, Solana, and BNB are all stretched into overbought or strong territory, making XRP relatively ignored compared to other major altcoins. The XRP/ETH ratio is already down nearly 5% this month, extending July's 13%+ drop, the ratio's worst monthly loss so far this year, with Ethereum closing July up over 18% while Ripple managed just a 2.18% gain, putting ETH's monthly ROI nearly 10x ahead of XRP.
XRP has seen a solid liquidity cluster build around $1.06-$1.07 throughout the week, even as the price chopped down toward $1.00, according to the 24H liquidation heatmap on CoinGlass. Total stablecoin market cap on XRPL has jumped more than 12% in the last 24 hours, adding more than $100 million in net flows and pushing the total market cap closer to the $1 billion mark. RWA asset value on XRPL is up more than 28% over the past 30 days, pointing to growing traction in tokenized assets and institutional capital flowing deeper into the XRPL ecosystem. Aviva Investors just tokenized a fund on XRPL, with its USD Liquidity Fund now having a tokenized share class for institutional investors, further strengthening the undervaluation case for XRP as capital flows back into the ecosystem.
XRP-focused exchange-traded funds saw net inflows for a fourth consecutive week, but new capital dropped roughly 93% week-over-week to around $1 million, according to data source SoSoValue. This dramatic decline contrasts sharply with bitcoin and ether funds which pulled in hundreds of millions during the same period. The underperformance is puzzling given that XRP ETFs took in $131.94 million in May during the peak of Senate committee momentum, but monthly net inflows contracted sharply to $59.46 million in June and just $27.29 million in July. U.S. spot XRP ETFs took in $131.94 million in May during the peak of Senate committee momentum, but monthly net inflows contracted sharply to $59.46 million in June and just $27.29 million in July.
XRP has traced a head-and-shoulders pattern, a bearish reversal shape with two lower peaks around a higher middle peak, sitting on a descending neckline that slopes down as support. The pattern becomes more concerning as sell volume surged between Aug 3 and Aug 7 as sellers pressed the neckline hard, yet buyers managed to hold the line on Aug 7, though the defense was not convincing. The bounce came on weaker buy volume, which leaves the support looking fragile. Whales and retail are both leaning short, with a whale-retail divergence gauge reading -6.3 and showing top traders are 96% more short than retail. XRP spot outflows across all exchanges have shrunk from about $56 million on Aug 3 to $4.3 million for the week ending Aug 10, a 92% drop in retail-specific buying optimism. The neckline sits near $1.02, which lines up with the 0.618 Fibonacci level, making $1.02 one of the strongest support zones on the chart. A clean break of $1.02 would confirm the bearish pattern, with the measured move pointing about 9% lower toward roughly $0.92.
