XRP Price Stalls at $1.06 as Institutional Demand Fails to Materialize

XRP's price has stalled at $1.06, down approximately 43% from its January high of $2.41. The token is currently trading below both its 50-day and 200-day Simple Moving Averages, a configuration known as a death cross, which implies continued selling pressure absent a significant catalyst.

The $1.00 support level has become the only demand zone that bulls have successfully defended across the entire calendar year. The token's weekly momentum readings have fallen to levels last seen in the 2022 bear market when XRP traded near $0.29.

The institutional demand story, which underpinned most XRP price analysis heading into 2026, has not materialized at scale. Spot XRP ETFs recorded zero flows on 11 of July's 22 trading days, taking in just $27.29 million for the entire month, against the $666 million the same vehicles gathered in their first month of trading in November 2025.

The delay of the CLARITY Act, which would permanently classify XRP as a commodity under federal law, removes one regulatory catalyst that could have prompted a re-rating of XRP through August. Approximately 60% of XRP's circulating supply is held at a loss, with an average cost basis near $1.48.