The cryptocurrency $XRP has recently achieved a milestone it has not reached since late 2024. The token concluded its weekly trading at $1.09, marking its lowest weekly close in nearly two years, and has continued to decline since. At present, XRP is trading at approximately $1.03, reflecting a 0.42% decrease for the day and a 3.47% drop over the last week.
What stands out in this situation is not just the figure itself, but the context. Nearly all other major cryptocurrencies ended the week positively.
Assessing XRP’s Weekly Close
XRP is currently the poorest performer among the top 10 cryptocurrencies by market capitalization, plummeting by 43.94% since the beginning of the year. Its market capitalization has decreased to $64.5 billion, keeping it in sixth place but with a noticeably reduced margin above Solana compared to earlier this year.
The significance of the weekly close at $1.09 goes beyond daily fluctuations. Weekly closes are critical for swing traders and long-term investors, and breaking a level that had been stable for almost two years eliminates a psychological barrier that was once considered secure.
Understanding XRP’s Unique Situation
Here’s how the leading cryptocurrencies fared during the same seven-day period.
| Asset | Price | 7d % | YTD % | Market cap |
|---|---|---|---|---|
| Bitcoin ($BTC) | $64,963.51 | +3.63% | -25.77% | $1.30T |
| Ethereum ($ETH) | $1,916.10 | +3.90% | -35.42% | $231.23B |
| $BNB | $605.92 | +3.36% | -29.81% | $80.68B |
| $XRP | $1.03 | -3.47% | -43.94% | $64.50B |
| Solana ($SOL) | $76.77 | +5.87% | -38.32% | $44.69B |
| TRON ($TRX) | $0.3314 | +1.15% | +16.58% | $31.45B |
| Hyperliquid ($HYPE) | $54.47 | +3.41% | +114.21% | $13.76B |
| Dogecoin ($DOGE) | $0.06990 | +0.70% | -40.40% | $10.86B |
Every other asset recorded positive growth apart from XRP. Solana gained nearly 6%, while both Ethereum and Bitcoin saw increases close to 4%. Even Dogecoin achieved modest gains. Conversely, XRP experienced a decline of 3.47%.
This discrepancy is notable. When a particular asset drops while its peers rise, the issues usually pertain specifically to that asset rather than indicating broader market trends.
Is There a Trust Issue Affecting XRP?
XRP is currently facing credibility concerns that do not apply to the other major cryptocurrencies in the same way.
For years, XRP’s price movements have largely been influenced by legal and regulatory developments rather than actual network adoption. The pattern is clear: positive court judgments or regulatory advancements result in sharp price spikes, which soon fade as the token settles back into a routine range. The postponement of the CLARITY Act in the US Senate, now reportedly on hold until at least September, has removed a key trigger that many investors were anticipating.
Trading data supports this concern. Recent activity has been heavily derivative-focused, with daily futures trading roughly ten times that of spot transactions. This suggests speculation rather than genuine accumulation. Rapid price increases based on futures positions tend to unravel quickly due to a lack of corresponding spot demand.
On-chain sentiment also reflects these challenges. Research from Santiment indicates that XRP holders are experiencing their largest average unrealized losses ever recorded—a scenario often associated with capitulation rather than early recovery phases.
That said, this does not imply that the project has reached a dead end. Ripple, the company behind XRP, is still financially robust and is actively developing payment and stablecoin infrastructure. However, there exists a significant divide between Ripple’s activities and the value currently assigned to XRP, leading some investors to hesitate in holding onto it during downturns.
Is the Overall Crypto Market Declining?
This point often gets overlooked in discussions about XRP but is arguably the most significant.
The entire cryptocurrency market is experiencing a substantial downturn. Bitcoin peaked at $126,198 in October 2025, currently trading around $65,000, which is approximately 49% lower. The total market capitalization for cryptocurrencies has decreased from over $4.2 trillion to roughly $2.3 trillion. Ethereum has declined more than 35% year-to-date. Solana has dropped over 38%, and Dogecoin is down by more than 40%.
In this context, XRP’s 43.94% drop is not an anomaly. It falls within a troubling range affecting nearly all assets. Only TRON and Hyperliquid have seen positive movement this year, each due to unique factors.
Additionally, the recent gains among the top 10 cryptocurrencies should be viewed within this framework. A recovery of 3% to 6% after a dramatic 50% decrease across the market should be recognized as a corrective bounce, not a trend reversal. Bitcoin has repeatedly struggled with resistance around $65,500 since mid-July, and August has historically been a weaker month for it.
Therefore, the true picture is complex. XRP indeed faces specific challenges that caused its underperformance in this week’s market conditions. However, the reason it is trading at $1.03 instead of $3 is largely due to broader trends that have led to a year of falling prices in the entire asset class.
Current Critical Levels for XRP
The $1.00 threshold is the pivotal level right now. On-chain cost basis data reveals that over 830 million XRP is concentrated within the range of $1.00 and $1.06, forming a significant support zone, as the holders in this area are close to breaking even and have an incentive to defend this level.
Should XRP fall below $1.00, the situation becomes precarious. There is little accumulated supply in the range between $1.00 and $0.80, suggesting that a breach of this level could lead to swift price declines before finding buyers.
On the flip side, XRP’s weekly Relative Strength Index (RSI) dipped below 30 in June, marking only the second oversold reading on the weekly chart in the past 12 years. The first instance occurred at the 2022 bear market’s bottom near $0.29. That signal eventually preceded an impressive 1,100% rally, but with an important note: the recovery didn’t initiate until November 2024, nearly two and a half years after the signal appeared. Being in an oversold condition doesn’t guarantee a quick rebound.
What Traders Should Monitor Next
Three factors will determine the next strategic move. Firstly, the ability of the $1.00 to $1.06 support level to hold on a weekly closing basis. Secondly, whether the CLARITY Act gets a Senate date in September, which stands as the most significant upcoming catalyst on XRP’s timeline. Thirdly, whether Bitcoin can reclaim the $65,500 and then $68,500 levels, as no altcoin can meaningfully recover without Bitcoin leading in a correlated market.
Until at least two of these three elements are resolved positively, XRP is likely to continue trading within a low dollar range, presenting a risk of testing the important psychological level of $1.00.