XRP declined approximately 5% over the past week, settling near $1.03, even as major cryptocurrencies posted positive momentum. Bitcoin, Ethereum, and Solana each gained between 1% and 4% over the same period, while the overall cryptocurrency market capitalization rose 1.4% to $2.19 trillion.

Despite the broader market rally, XRP bucked the trend during Monday's trading session, hovering around $1.03.

XRP ETF Inflows Collapse Sharply

XRP exchange-traded funds maintained positive net inflows for a fourth consecutive week, though the magnitude of those inflows diminished dramatically. Weekly inflows plummeted approximately 93% compared to the prior week, falling to roughly $1 million, according to SoSoValue analytics. By contrast, Bitcoin and Ethereum ETFs attracted several hundred million dollars during the same period — a gap that underscores how institutional appetite for XRP-related products remains a fraction of what the two largest cryptocurrencies command, even as spot XRP ETF products have only recently reached the market.

Legislative Uncertainty Weighs on Sentiment

Market participants and industry experts point to regulatory ambiguity as a primary driver of XRP's underperformance. Senate leadership postponed its scheduled vote on the CLARITY Act — legislation aimed at establishing a comprehensive framework for classifying digital assets as securities or commodities, which is widely regarded as critical for providing clear legal guidance around XRP's status.

JUST IN: U.S. Senate scheduled to vote on the CLARITY Act on Tuesday, Sept. 15 sometime in the 2 p.m. hour. pic.twitter.com/VTwn34ZElk

— Whale Insider (@WhaleInsider) August 8, 2026

The vote has been rescheduled to no earlier than mid-September. Market observers widely consider the legislation a prerequisite for meaningful institutional capital allocation to XRP, and the postponement effectively extends the period of uncertainty that has shadowed the token since the SEC's multi-year legal battle with Ripple over whether XRP qualifies as a security.

Iliya Kalchev, an analyst at Nexo, described current market conditions as methodical accumulation. "XRP's positioning looks patient in its own right, with order flow staying large even as volume metrics turn neutral — quiet absorption rather than capitulation or a confirmed breakout," Kalchev said.

Jake Claver, chairman of Digital Ascension Group and a qualified family office professional, offered a longer-term perspective. He suggested XRP is "looking more and more like it will claim its spot as a global bridge asset and possibly be recognized by the BIS as tier-one asset in the future."

Cryptocurrency analyst Amonyx shared a technical XRP chart on X, suggesting price movement was consolidating ahead of a significant directional shift. The analysis characterized an approaching breakout, though no specific price targets were provided.

Technical Indicators Signal Bearish Momentum

XRP is currently trading below its 50-day EMA at $1.10, its 100-day EMA at $1.18, and its 200-day EMA at $1.37. The RSI indicator registers near 39, while the MACD shows a negative reading — both signaling sustained bearish momentum.

This $XRP chart is screaming one thing: EXPLOSION INCOMING. Are you ready? pic.twitter.com/unuNBg8O0I

— Amonyx (@amonyx) August 9, 2026

Critical support is located around the $1.00 threshold, where demand may emerge. Resistance levels are concentrated at $1.10, $1.18, $1.30, $1.37, and a more distant level at $1.90.

As of Monday, XRP was changing hands at $1.03, representing a modest recovery following the prior week's selloff. The rescheduled mid-September CLARITY Act vote stands as the next concrete event for XRP's regulatory outlook, with market participants likely to scrutinize whether the legislation advances or faces further delays.