XRP Price Sinks to Lowest Weekly Close in 2 Years: What's Next for XRP Coin?

$XRP has just done something it has not done since late 2024. The token closed the weekly candle at $1.09, its lowest weekly close in almost two years, and it has kept sliding since. At the time of writing XRP trades around $1.03, down 0.42% on the day and 3.47% across the past seven days.

What makes the print stand out is not the number itself. It is the company XRP is keeping. Almost every other major asset finished the week in the green.

How bad is the XRP weekly close?

XRP is now the worst year-to-date performer in the entire top 10 by market capitalisation, down 43.94% since January. Its market cap has shrunk to $64.5 billion, keeping it in sixth place but with a visibly thinner cushion above Solana than it had at the start of the year.

The weekly close at $1.09 matters more than the intraday wick. Weekly closes are what swing traders and longer-term allocators actually mark their charts against, and losing a level that has held for close to two years removes a psychological floor that had been treated as reliable.

Why is XRP the only major coin in the red this week?

Here is how the top of the market finished the same seven-day stretch.

Every single one of those assets posted a positive week except XRP. Solana added almost 6%, Ethereum and Bitcoin both added close to 4%, and even Dogecoin managed a small gain. XRP went the other way by 3.47%.

That is the part worth paying attention to. When an asset falls during a week in which its entire peer group rises, the explanation is usually specific to that asset rather than to the market.

Is a trust problem weighing on XRP?

There is a credibility question hanging over XRP that the other majors do not carry in the same form.

XRP's price has spent years reacting to legal and legislative headlines rather than to network usage. The pattern is well established: a favourable court ruling or a regulatory milestone produces a violent spike, the spike fades within weeks, and the token settles back into a range. The current stall of the CLARITY Act in the US Senate, now reportedly shelved until at least September, has removed the one near-term catalyst that a large part of the holder base was positioned for.

The trading data reinforces the concern. Recent activity has been overwhelmingly derivatives-led, with daily futures volume running at roughly 10 times spot volume. That ratio describes speculation and leverage rather than accumulation. Rallies built on futures positioning tend to unwind quickly because there is no underlying spot demand to absorb the selling.

On-chain sentiment data tells a similar story. Santiment has reported XRP holders sitting on their deepest average unrealised losses on record, a condition that historically accompanies capitulation phases rather than early recoveries.

None of this means the project is finished. Ripple as a company remains well capitalised and continues to build out payments and stablecoin infrastructure. But there is a real gap between what Ripple the business is doing and what XRP the token has priced in, and that gap is what makes some allocators reluctant to hold it through drawdowns.

Is the whole crypto market simply down?

This is the point that gets lost in most XRP coverage, and it is arguably the most important one.

The entire crypto market is in a deep drawdown. Bitcoin peaked at $126,198 in October 2025 and now trades near $65,000, roughly 49% below that high. Total crypto market capitalisation has fallen from a peak above $4.2 trillion to around $2.3 trillion. Ethereum is down more than 35% year to date. Solana is down more than 38%. Dogecoin is down more than 40%.

In that context, XRP being down 43.94% is not an outlier. It is at the harsher end of a spectrum that almost every asset is sitting on. Only TRON and Hyperliquid are positive on the year, and both have idiosyncratic drivers behind them.

The green week across the top 10 is also worth framing correctly. A 3% to 6% bounce after a 50% market-wide decline is a relief move inside a downtrend, not a reversal. Bitcoin has repeatedly failed to clear resistance around $65,500 since mid-July, and August has historically been one of its weaker months.

So the honest read is layered. XRP has a genuine narrative problem, and that explains why it lagged this specific week. But the reason it is at $1.03 instead of $3 has far more to do with the fact that the entire asset class has spent a year repricing lower.

What levels matter for XRP now?

The $1.00 mark is the level everything hinges on. On-chain cost-basis data shows more than 830 million XRP concentrated between $1.00 and $1.06, the densest cluster of coins anywhere near the current price. That is a real support band because those holders are close to break-even and have an incentive to defend it.

Below $1.00, the picture thins out badly. Cost-basis data shows very little accumulated supply between $1.00 and $0.80, which means a clean break of the dollar could see price move quickly through empty territory before finding buyers.

On the other side of the ledger, XRP's weekly RSI dropped below 30 in June, only the second oversold reading on the weekly chart in 12 years. The first was the 2022 bear market bottom near $0.29. That signal eventually preceded a 1,100% move, but with a critical caveat: the rally did not begin until November 2024, nearly two and a half years after the signal fired. Oversold does not mean imminent.

What should traders watch next?

Three things will decide the next move. First, whether the $1.00 to $1.06 support band holds on a weekly closing basis. Second, whether the CLARITY Act gets a Senate floor date in September, which is the single largest binary catalyst on XRP's calendar. Third, whether Bitcoin can reclaim $65,500 and then $68,500, because in a market this correlated, no altcoin recovery gets far without BTC leading.

Until at least two of those three resolve positively, the base case for XRP is continued consolidation in the low dollar range, with the risk skewed toward a test of the psychological $1.00 level.