# XRP slides toward $1.28 support as Bitcoin dips, Goldman exits XRP ETF

**Published:** 2026-07-29T07:13:27.565Z  
**Topic:** Ripple Xrp  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/3a030973-d019-4735-a957-dfd4f049c37c

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 weakness drags XRP lower  
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.

## Institutional exit amplifies bearish pressure  
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.

## Technical outlook and downside targets  
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].

## What to watch
- $1.28 support: a break could trigger automated selling and push XRP toward $1.18.  
- Institutional ETF flows: further withdrawals from XRP‑linked funds would add downside pressure.  
- CLARITY Act Senate vote: a favorable outcome could bolster XRP’s commodity status, while a delay or rejection may keep the token vulnerable.

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.

## Sources
1. 24/7 Wall St — [Ripple (XRP) Price Prediction: What Happens If XRP Loses the $1.28 Support?](https://247wallst.com/investing/2026/05/21/ripple-xrp-price-prediction-what-happens-if-xrp-loses-the-1-28-support/)
2. CoinDesk — [CoinDesk: Bitcoin, Ethereum, XRP, Crypto News and Price Data](https://www.coindesk.com/)

---
Cite as: TrendWatcher, "XRP slides toward $1.28 support as Bitcoin dips, Goldman exits XRP ETF", https://www.trendwatcher.in/article/3a030973-d019-4735-a957-dfd4f049c37c