XRP Price Tumbles Amid Weak Institutional Demand and Grayscale Selling Pressure
XRP has fallen 2.5% in the past 24 hours to trade around $1.03, underperforming the broader crypto market.
The token has also been the weakest-performing major cryptocurrency this week, losing nearly 5.5%
According to SoSoValue, U.S. spot XRP ETFs recorded $3.45 million in net inflows on Aug. 6, following $3.58 million in net outflows the previous day.
The return to positive flows is encouraging, but the inflows remain too small to offset recent selling pressure and a broader trend of weakness.
Grayscale's XRP Trust has also contributed to the recent weakness, reporting net outflows of 103.41 million XRP valued at about $180.78 million during the first half of 2026.
Crypto analyst ChartNerd notes that XRP has recorded its lowest daily close of the year and is defending the $1.00 level, forming a potential double-bottom pattern.