XRP Slides Below $1 as Institutional Demand Fades
XRP has entered Sunday under pressure as traders weigh weaker short-term momentum against the possibility of a recovery around the crucial $1 level. The Ripple-linked cryptocurrency is trading near $1.03, with its weekly decline showing that buyers have struggled to sustain a stronger rebound.
Softer institutional demand, large-wallet activity, broader market caution and uncertainty around US crypto legislation are keeping traders defensive. XRP now faces a key test: whether buyers can protect the $1 psychological floor or whether another break below it could deepen the decline.
A sustained move below $1 could increase selling pressure and expose lower support areas, while holding above the level could allow buyers to attempt another recovery toward $1.06 and $1.08. Institutional demand has lost momentum, with ETF activity becoming quieter as August approached, showing that institutional buying has not consistently translated into stronger spot-market momentum.
Large XRP holders continue to influence market sentiment, and transfers involving major wallets can quickly change the amount of XRP available on exchanges and affect expectations about potential selling. The CLARITY Act uncertainty is also weighing on sentiment, as the lack of a clear legislative timeline has reduced one of the potential catalysts that traders had been watching for XRP.