# XRP Price Drops to $1.08

**Published:** 2026-07-11T20:59:44.286Z  
**Topic:** Ripple Xrp  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/f8a1cfcc-912a-45c2-adcc-6107290a6cd0

XRP price falls 2.80% in a week, market capitalization at $69.65B, with a 24-hour trading volume of $1.09B, as demand cools and bearish sentiment prevails

XRP's price has slid to $1.08, a 2.80% decline over the past week, as demand cools and bearish sentiment prevails in the cryptocurrency market [1]. The decline reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty, with XRP trading under heavy pressure due to weak technical and risk-off sentiment.

| At a glance | |
|---|---|
| Price | $1.08 |
| 24h % move | -0.14% |
| Key level | $1.07 support |
| Catalyst | Tariff-triggered uncertainty and weak demand |

## What drove the move
The XRP price decline is attributed to a combination of factors, including weak technical indicators, risk-off sentiment, and low retail demand [1]. The prevailing risk-off sentiment has seen investors remain on the sidelines, resulting in muted activity in the XRP spot Exchange-Traded Funds (ETF) market, with no flows since Friday, and cumulative inflows averaging $1.23 billion, with net assets under management at $875 million [1]. The derivatives market is also extending its weakness, as futures Open Interest (OI) falls to $2.29 billion, from $2.40 billion the previous day [1].

## The competitive picture
XRP's market capitalization is currently at $69.65B, with a 24-hour trading volume of $1.09B [2]. The current circulating supply of XRP is 99.99B, with a limit of 100.00B coins [2]. The price is trading inside a down channel, with key levels at $1.07 support and $1.15 resistance [2]. A break above $1.15 targets $1.20-$1.25, while a break below $1.07 targets $1.00 for short-term trades [2].

## What to watch
* The $1.07 support level, which is a critical decision zone for the next directional move
* The 50-day Exponential Moving Average (EMA) around $1.64, which is a key resistance level
* The futures Open Interest (OI), which has persistently declined from the record $10.94 billion in July, indicating a bearish sentiment among investors

The XRP price decline has significant implications for investors, as the bearish sentiment and weak demand may lead to further price drops. The key support level at $1.07 will be crucial in determining the next directional move, and investors should monitor the price action closely to anticipate potential changes in market sentiment.

## Sources
1. Mitrade — [Ripple Price Forecast: XRP targets $1.25 as downside risks grow...](https://www.mitrade.com/au/insights/news/live-news/article-3-1499643-20260224)
2. Tradingview — [XRPUSD — Ripple Price and Chart — TradingView](https://www.tradingview.com/symbols/XRPUSD/)

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Cite as: TrendWatcher, "XRP Price Drops to $1.08", https://www.trendwatcher.in/article/f8a1cfcc-912a-45c2-adcc-6107290a6cd0