$XRP price is under pressure as institutional demand appears to weaken, even while Bitcoin and Ethereum are attracting stronger ETF inflows. Weekly $XRP ETF inflows reportedly plunged 93% to just $1.01 million, down from $14.86 million a week earlier. Total $XRP ETF net assets also slipped to about $964 million from $988 million, making $XRP the weakest performer among major crypto ETFs.

The contrast with Bitcoin and Ethereum is clear:

  • Bitcoin ETFs: $754 million inflow after a $61.53 million outflow, an $816 million weekly turnaround.
  • Ethereum ETFs: around $195 million inflow, almost seven times the previous $27 million.

The weekly $XRP figure also hides a midweek recovery. ETF flows fell to -$3.58 million on August 5, before turning positive at $3.45 million on August 6.

For investors who sold $XRP around the $2–$3 range, however, the decline could be viewed as a potential opportunity to accumulate at lower prices.

Whales Buy While Grayscale Adds Selling Pressure

On-chain data shows large $XRP wallets holding roughly 100 million to 1 billion tokens increased their supply share from 10.6% to 11.99%. Smaller whales holding 10 million to 100 million $XRP also sold earlier before turning back to buying on August 6.

Grayscale’s $XRP Trust added another source of selling pressure. Its SEC Form 10-Q showed 103.41 million $XRP, worth about $180.78 million, in net outflows during the first half of 2026. CoinGlass also recorded $9.48 million in $XRP liquidations, with almost 98% coming from long positions.

Technically, How Low Can $XRP Go?

$XRP: The Analysis Everyone Laughed At… Until It Dumped 72%

In July 2025, when most of the market was calling for higher prices, I published a bearish #$XRP analysis and clearly stated that the rally was losing structure. I advised taking profits above $3 and warned that a… https://t.co/AGHdYcGUHg pic.twitter.com/aUkxE6fZSQ

— Crypto Patel (@CryptoPatel) August 8, 2026

Crypto analyst Crypto Patel says his bearish $XRP call from July 2025 has largely played out, with $XRP down 72% from its cycle peak. He now expects another 20%–40% downside and sees $0.85–$0.65 as a potential long-term accumulation zone. Rather than trying to predict the exact bottom, he plans to scale into $XRP gradually, with long-term targets of $3, $5, $7 and $10+.

Overall, Patel remains bearish in the short term but bullish on $XRP’s long-term potential.

Another analyst ChartNerd says $XRP first needs to reclaim $1.05-$1.06, which has now turned from support into resistance, before a meaningful relief move can develop. Looking at the current scenario, he expects $XRP to enter a long accumulation phase after the current bear market, potentially setting the stage for a major price repricing over the coming years.

Meanwhile, $XRP Price went up by 0.64% to $1.03 in the last 24 hours, slightly behind Bitcoin’s 1.04% gain.