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XRP trades around $1.37, 4% below $1.42 24‑hour low, while Bitcoin falls 4.3% to $77,440; watch $1.28 support and institutional ETF flows.
XRP fell to $1.37, roughly 7% above the critical $1.28 support level, as Bitcoin slipped 4.3% on the week to $77,440, raising concerns that the broader crypto market could pull XRP lower [1].
| At a glance | |
|---|---|
| Price | $1.37 |
| 24‑h change | –4% |
| Key support | $1.28 |
| Catalyst | Bitcoin weakness & Goldman Sachs ETF sell‑off |
Bitcoin’s price hovering near $77,440 marks a 4.3% weekly decline, a move that typically pulls XRP with it given their 75% correlation [1]. Rising 30‑year Treasury yields above 5.1% have shifted capital away from risk assets, adding pressure to both assets. When Bitcoin tests the $75,000 threshold, XRP’s $1.28 floor loses the market‑wide backing it has relied on since February.
Goldman Sachs disclosed in an SEC filing that it sold its entire $154 million XRP ETF position, the largest known institutional stake in the fund [1]. The bank simultaneously trimmed its Solana ETF holdings and cut Ethereum exposure by 70%, while keeping its $700 million Bitcoin allocation intact. Such a selective retreat signals to other investors that XRP’s outlook is less favorable, reinforcing the price’s proximity to the $1.28 support.
XRP’s 50‑day moving average sits at $1.46, above the current price, indicating bearish momentum [1]. If the $1.28 level fails, the next technical support is $1.18, about 14% lower, followed by $1.11—the February low that broke the October 2025 crash floor [1]. A breach of $1.11 could open the path to $1.00, a level not seen since November 2024, and in extreme scenarios a drop toward $0.80 if Bitcoin falls below $60,000 [1].
The battle now centers on whether XRP can hold above $1.28 amid a weakening Bitcoin market and institutional pull‑back. A sustained breach would test deeper support levels and could reshape sentiment ahead of the pending CLARITY Act vote.
Coverage is mostly measured — 145 of 156 reports stay neutral.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jul 29, 2026 · How we report
No; burning escrowed XRP would require an amendment approved by about 80% of the network’s validators, and Ripple alone controls only 3 of the 35 trusted validators.
XRP is trading near $1.11, roughly 70% below its July 2025 peak of $3.65, after a year of decline following a 40% drop earlier in the year.
According to David Schwartz, burning XRP would likely not improve price, citing Stellar’s 53% token burn that had no observable impact on XLM market charts.
Exchange balances have fallen to about 1.6 billion XRP, a seven‑year low, indicating fewer coins available for sale.
Potential drivers include broader crypto market sentiment, interest‑rate changes, and regulatory outcomes such as the CLARITY Act that could define XRP as a digital commodity.