Loading article…
XRP fell past $1.00, breaking a key trendline and testing $0.80 support. Watch on‑chain withdrawals, ETF flows and the $2 resistance for future moves.
XRP slipped below the $1.00 psychological barrier on Tuesday, snapping a short‑term uptrend and exposing the token to deeper downside risk as the daily trendline from the April 7 low was breached.
| At a glance | |
|---|---|
| Price | $0.99 |
| 24h change | –5.2% |
| Key level | $1.00 support (now broken) |
| Catalyst | Trendline break, falling open interest, net exchange withdrawals |
The daily chart’s rising trendline that had guided XRP from the April 7 low of $1.29 was pierced as price fell to $0.99, turning the $1.00 level from support into resistance. The move coincided with a broader market pullback, as Bitcoin dropped 1.36% and the crypto market‑wide Fear & Greed Index slid to “Extreme Fear” (16) [3]. Open interest in XRP derivatives collapsed from a $1.3 billion peak to under $150 million, wiping out leveraged longs and removing a source of upside momentum [3].
During the same period, XRP’s exchange balances continued to shrink, reaching 12.9 billion tokens—the lowest since May 2021—indicating that holders are moving assets off‑exchange into private wallets [2]. CryptoQuant analysts linked the declining deposit‑withdrawal delta to accumulation, while Glassnode data showed that supply clusters above $1.00 (3.15% at $1.80 and 3.6% at $2.00) create overhead resistance [2]. Meanwhile, XRP‑focused ETFs saw inflows ease after Goldman Sachs emerged as the largest holder, suggesting a tempering of institutional buying pressure [2].
Earlier in the week XRP had reclaimed $1.45, buoyed by whale accumulation of 360 million tokens and $55.39 million of ETF inflows over seven days [1]. However, the subsequent trendline breach and the loss of the $1.00 floor now place the token in a range‑bound zone between $0.80 and $1.00, with the next major resistance at $1.08–$1.10 and a longer‑term hurdle at $2.00 [2][3].
| Metric | Value |
|---|---|
| Exchange balance | 12.9 billion XRP (low since May 2021) |
| Overhead supply at $2.00 | 3.6% of total XRP |
| Recent ETF inflow | $55.39 million (7‑day total) |
The breach of the trendline and loss of the $1.00 floor suggest that XRP’s recent rally may have been more fragile than hoped, leaving the token vulnerable to further downside unless buying pressure re‑emerges.
Coverage is mostly measured — 10 of 10 reports stay neutral.
Every Monday — the token unlocks, Fed dates & catalysts set to move crypto and markets this week. So you’re never blindsided.
Free · 3-min read · one-click unsubscribe
AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jul 4, 2026 · How we report
Government regulators have officially classified XRP as a commodity, not a security.
Seven spot XRP ETFs have launched, with total investor inflows exceeding $1 billion.
The classification removes regulatory uncertainty, making it easier for Wall Street firms to create and offer investment products like ETFs that appeal to institutional investors.
XRP’s ledger is noted for providing a cheaper and faster method for banks to conduct cross‑border transactions.
XRP has continued to face difficulty breaking above the $2 price level in 2026 despite the regulatory clarity.