XRP Price Plunges Amid Bearish Sentiment and Declining Liquidity
Ripple's price has been declining as bears regain control despite inflows into Ripple ETFs. The remittance token, XRP, traded around $1.32 at the time of writing after a massive 72% rally from $1.00 to $1.70 in August stalled on profit-taking and the need for fresh liquidity.
The US-listed spot Bitcoin exchange-traded funds (ETFs) saw their best month of 2026, with Bitcoin itself gaining 25% in August. The ETFs attracted $3.52 billion in net inflows, a sharp increase from just $172 million in July.