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$XRP Price Dives Below $1.04 as ETFs Record Largest Withdrawal

Guavy AI Editorial Team Published August 6, 2026

Instruments

XRP

$XRP is facing significant challenges as its price continues to retest previous lows at $1.04.

The asset has lost momentum and is trading among the worst-performing assets in the top 10 largest cryptocurrencies by market capitalization.

The negative trend has also affected the $XRP ETF market, with a total net outflow of $3.58 million during its last daily trading session.

This withdrawal was solely covered by Bitwise, one of the largest $XRP ETF issuing companies, while other funds remained silent with zero activity.

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